Michigan Retirement System sold 4,200 Valero Energy shares in Q2, reducing stake by 4.0%.

The State of Michigan Retirement System reduced its stake in Valero Energy (NYSE:VLO) by 4.0% during Q2, owning 101,962 shares after selling 4,200 shares. Valero Energy Co. reported better-than-expected Q2 earnings of $2.71 per share, exceeding the consensus estimate of $2.60. The company has a market cap of $46.68bn, a dividend yield of 3.00%, and a beta of 1.42. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

August 28, 2024
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