Mackenzie Financial Boosts Valero Energy Stake

Institutional investor increases position in oil and gas company by 60%

Mar. 13, 2026 at 10:06am

Got story updates? Submit your updates here. ›

Mackenzie Financial Corp, an institutional investor, has increased its stake in Valero Energy Corporation (NYSE:VLO) by 60.1% in the third quarter, according to a recent SEC filing. The firm now owns 206,552 shares of the oil and gas company's stock, valued at $35.17 million as of the latest reporting period.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, with a significant presence in the Gulf Coast region. Institutional investors like Mackenzie Financial closely monitor the company's performance and outlook, as changes in their holdings can signal broader market sentiment around the stock.

The details

According to the 13F filing, Mackenzie Financial acquired an additional 77,549 shares of Valero Energy in the third quarter, increasing its total position by 60.1%. This suggests the firm sees value in Valero's business and expects the stock to perform well going forward. Valero Energy has a market capitalization of over $70 billion and operates a network of oil refineries, pipelines, and terminals across the U.S.

  • Mackenzie Financial reported the increased stake in Valero Energy in its Q3 2026 13F filing.

The players

Mackenzie Financial Corp

An institutional investment management firm that oversees over $200 billion in assets.

Valero Energy Corporation

A major independent oil refining and marketing company based in San Antonio, Texas.

Got photos? Submit your photos here. ›

The takeaway

Mackenzie Financial's increased stake in Valero Energy suggests the firm sees long-term value in the oil refiner's business model and growth prospects. As a large institutional investor, Mackenzie's portfolio moves can provide insights into broader market sentiment around energy sector stocks.