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flag Despite lower revenue, Valero Energy beat earnings estimates, as major investors sold off shares.

flag Phoenix Financial Ltd. and Applied Finance Capital Management LLC both reduced their holdings in Valero Energy Corporation (VLO), selling 3,302 and 78,499 shares respectively. flag Despite a 13.3% drop in quarterly revenue year-over-year, Valero Energy reported earnings of $2.28 per share, beating analyst estimates by $0.62. flag The company pays a quarterly dividend of $1.13 per share and has a current stock price of $142.03.

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