Swiss Life Asset Management Boosts Valero Energy Stake

Investment firm increases holdings in oil and gas company by 25.2% in Q3 2026

Mar. 21, 2026 at 9:19am

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Swiss Life Asset Management Ltd. has increased its stake in Valero Energy Corporation (NYSE:VLO) by 25.2% during the third quarter of 2026, according to a recent SEC filing. The investment firm now owns 48,883 shares of the oil and gas company's stock, valued at $8.3 million.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, operating 15 refineries across the country. The increase in Swiss Life Asset Management's position suggests the firm sees long-term value in Valero's business, even as the energy sector faces challenges from the transition to renewable energy sources.

The details

Swiss Life Asset Management acquired an additional 9,839 shares of Valero Energy during the third quarter, bringing its total holdings to 48,883 shares. The investment firm cited Valero's strong financial performance and growth potential as reasons for increasing its stake in the company.

  • Swiss Life Asset Management filed the SEC disclosure on March 21, 2026.
  • The increase in Valero Energy holdings occurred during the third quarter of 2026.

The players

Swiss Life Asset Management Ltd.

A Swiss investment management firm that oversees over $300 billion in assets globally.

Valero Energy Corporation

A San Antonio, Texas-based integrated oil and gas company that operates 15 refineries across the United States.

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The takeaway

The increase in Swiss Life Asset Management's stake in Valero Energy suggests the firm sees long-term potential in the oil and gas company, despite challenges facing the industry. This move highlights the continued investor interest in Valero's operations and growth prospects.