What smart money is saying about Valero Energy Corporation
1 fund in our archive has pitched Valero Energy Corporation — most recently LRT Capital Management in June 2025.
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids. As of December 31, 2021, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day; and 12 ethanol plants with a combined ethanol production capacity of approximately 1.6 billion gallons per year. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
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Position history
Between Q2 2025 and Q3 2026, 6 fund letters reported a position in Valero Energy Corporation — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 1 | 0 |
| Q2 2026 | 2 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 1 |
Fund activity · 6 positions · 1 move
- September 2026
“To the upside, we experienced really strong performance from our two core positions in refiners (MPC – Marathon Petroleum and VLO – Valero Energy) as crack spreads broke out to all-time highs. I initially purchased these refiners at substantial discounts to replacement cost with the view that there would be a supply and demand imbalance in the near future as I anticipated that demand would grow more rapidly than refiner supply. Instead, Ukrainian attacks on Russian refiners, along with the Hormuz blockade of Middle Eastern refined products, served to dramatically tighten the market due to supply destruction. www.PraCap.com Q3 2026 INVESTOR LETTER | PAGE | 2 As these refiners traded up near to replacement cost, I chose to exit both positions as demand destruction is seemingly accelerating, and I have zero visibility into how long the supply side will remain subdued for.”
Valero Energy Corporation - August 2026
“Our independent refining exposure is currently in the US in Valero, the largest of the US refiners. Valero has a reasonably large presence on the US Gulf Coast and is benefiting from a recovery in refining margins.”
Valero Energy Corporation - July 2026
“Within the Fund, the strongest performers were Valero Energy Corp, Williams Cos, Kinder Morgan Inc, TC Energy Corp and Enbridge Inc while the weakest performers were PetroChina Co Ltd, Schlumberger Ltd, Suncor Energy Inc, Baker Hughes a GE Co and Equinor ASA.”
Valero Energy Corporation - HoldsGuinnessJune 2026
“Our independent refining exposure is currently in the US in Valero, the largest of the US refiners.”
Valero Energy Corporation - June 2026
“Our independent refining exposure is currently in the US in Valero, the largest of the US refiners. Valero has a reasonably large presence on the US Gulf Coast and is benefitting from a recovery in refining margins.”
Valero Energy Corporation - June 2025
“Valero Energy Corporation (VLO) Valero Energy Corporation is one of the world’s largest and most efficient independent petroleum refiners and a premier operator in the renewable fuels sector.”
Valero Energy Corporation
Fund coverage · 1 thesis
- LRT Capital ManagementJune 2025
Valero Energy Corporation is a leading independent petroleum refiner with a strategic focus on renewable fuels, leveraging its efficient refining network and disciplined capital allocation to maximize shareholder returns and navigate market volatility.
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