Why Shares of Valero Rose 13.8% in October
Shares of oil refiner Valero (NYSE: VLO) rose 13.8% in October, according to data provided by S&P Global Market Intelligence. That was noticeably better than the overall market: The S&P 500 was only up by 2% during the same period.
Valero's outperformance was largely due to its third-quarter earnings report, which beat analysts' expectations when it was released on Oct. 24.
Most of Valero's revenue comes from its Valero-branded gas stations. Image source: Getty Images.
Source Fool.com
