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Major investors sold off Valero Energy shares worth over $117M, yet the company reported strong Q1 earnings.
The Swiss National Bank and Strengthening Families & Communities LLC both reduced their stakes in Valero Energy, selling shares worth around $117.925 million and $147,000 respectively.
Despite these sales, Valero reported strong Q1 earnings of $2.28 per share, surpassing analysts' expectations and generating revenue of $29.89 billion.
The company has a market cap of $41.39 billion and pays a dividend of $1.13 per share quarterly.
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Los principales inversores vendieron acciones de Valero Energy por un valor de más de $117M, sin embargo, la compañía reportó fuertes ganancias en el primer trimestre.