Valero Energy Corporation (VLO) has seen a flurry of activity in their stock market performance and corporate operations. Several asset management companies including CIBC and Nations Financial have reduced their holdings. However, Van ECK Associates Corp and Private Management Group Inc. increased their investments.
VLO's yield has reached an impressive 129% for those who invested five years ago. The company also structured a successful bond deal worth $650 million with a premium yield of 5.150%. However, tariffs on Canadian energy could reduce refinery throughput by 10%.
Setting the financial stage, the company has recently released their Q4 and full year 2024 preliminary financial results and are also looking forward to announcing their Q4 2024 earnings. Valero's earnings reports are beating estimates despite a lower refining margin.
On the dividend front, the company has increased its regular cash dividend with a rise in the quarterly dividend by 5.6% to $1.13, raising the annual payout to $4.52.
Lastly, it's insightful to note that despite a market cap decline, long-term profits have stayed in the green and institutional investors continue to reap benefits.
Valero Energy Corporation VLO News Analytics from Wed, 15 May 2024 07:00:00 GMT to Sat, 22 Feb 2025 11:13:41 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor 4
