#4 - Valero Energy (NYSE:VLO)
Buying shares of Freeport-McMoRan is a bet on the new economy. Investing in Valero Energy (NYSE: VLO) is a reminder that the more things change the more they stay the same. Oil prices have climbed this year as the economy reopens and the infrastructure for renewable energy remains a work in progress. With that in mind, investors should have an eye on quality names in the traditional energy sector. And Valero fits that description.
Over the last five years, investors have seen a little good and a little bad with VLO stock. Still, patient investors have been rewarded with a 32% gain in the company’s stock price. And they’ve collected an attractive dividend while they were at it. Valero has an impressive dividend yield (currently over 5.5%) and it has increased its dividend payout each of the last 11 years. The MarketBeat screener ranks Valero in the top 50 of dividend stocks. Analysts project a 16% gain in the company’s stock price from its $70.36 price as of this writing.
About Valero Energy
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.
Read More - Current Price
- $166.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $173.87 (4.7% Upside)
