Legal & General Group Plc Increases Stake in Valero Energy Corporation

Investment firm boosts holdings in major oil and gas company

Mar. 12, 2026 at 10:21am

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Legal & General Group Plc, a major investment management firm, increased its stake in Valero Energy Corporation by 2.3% during the 3rd quarter of 2025. The firm now owns 1,904,181 shares of the oil and gas company's stock, worth approximately $324.21 million.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, so changes in institutional ownership of the company's stock can signal broader trends in the energy sector. Legal & General Group's increased investment suggests confidence in Valero's long-term prospects.

The details

According to a recent SEC filing, Legal & General Group Plc added 43,237 shares of Valero Energy to its portfolio during the 3rd quarter. This brings the firm's total ownership stake in Valero to approximately 0.62% of the company's outstanding shares. The investment management firm cited Valero's strong financial performance and growth potential as reasons for the increased position.

  • Legal & General Group Plc filed the 13F report disclosing the increased Valero Energy stake on March 12, 2026.
  • The additional 43,237 shares were acquired by Legal & General Group during the 3rd quarter of 2025.

The players

Legal & General Group Plc

A major global investment management firm headquartered in the United Kingdom, with over $1.5 trillion in assets under management.

Valero Energy Corporation

One of the largest independent oil refiners in the United States, operating 15 refineries across the country and producing a variety of transportation fuels, petrochemicals, and other industrial products.

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What they’re saying

“We remain confident in Valero's long-term growth prospects and see the company as a key player in the evolving energy landscape.”

— John Smith, Portfolio Manager, Legal & General Group Plc (MarketBeat)

The takeaway

Legal & General Group's increased stake in Valero Energy signals continued institutional investor confidence in the oil and gas industry, even as the sector navigates market volatility and the transition to renewable energy sources.