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Nykredit Buys New Stake in Valero as Earnings Beat Lifts Optimism

Valero Energy logoValero Energy
Sig2.22Sen+4.07Env0.00Soc0.00Gov0.00

Nykredit A S acquired a new stake in Valero Energy during the second quarter, while other investors also adjusted positions. Valero’s shares are described as near record highs, supported by analyst upgrades and expectations. The company reported $12.54 EPS versus a $10.11 consensus estimate and $44.48 billion in quarterly revenue versus $39.47 billion expected.

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