E Daily Stock Pick: Valero Energy

I'm now looking for a third energy sector representative for my new Ivy portfolio.

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing.  (Those six oily and gassy enterprises.)

Today I'm reviewing a large-cap oil and gas refining & marketing company named Valero Energy Corp. Its trading ticker symbol is VLO.

Valero Energy is the largest independent refiner in the United States. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the United States, Canada, and the United Kingdom. Valero also produces 1.3 billion gallons of ethanol a year, and it owns a 68% interest, including the general partner interest, in Valero Energy Partners.

The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasoline, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalt, petrochemicals, lubricants, and other refined petroleum products.

It markets its refined products through a wholesale rack and bulk markets; and through approximately 7,400 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brand names.

Valero Energy Corporation has operations in the United States, Canada, the United Kingdom, Ireland, and internationally.

The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997.

Valero Energy Corporation was founded in 1955 and is headquartered in San Antonio, Texas.

I use three key data points to gauge the value of any dividend equity-like Valero Energy Corporation:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

1 2
View single page >> |

Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts.com; www.finance.yahoo.com; analyst target ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.