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Valero Energy reported strong earnings, a high dividend, and saw increased investment stakes, boosting its stock appeal.
O'Brien Greene & Co. Inc. increased its stake in Valero Energy by 2.8%, owning 52,104 shares.
Other institutional investors also increased their holdings, with many owning 78.69% of Valero's stock.
Valero reported earnings of $0.64 per share, beating estimates by $0.50 and announced a $1.13 quarterly dividend, yielding 3.30%.
The company, with a market cap of $43.39 billion, operates in oil and gas, with analysts giving a "Moderate Buy" rating and an average target price of $154.46.
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Valero Energy informó de fuertes ganancias, un alto dividendo, y vio un aumento de las inversiones en participación, aumentando su atractivo accionario.