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Valero Energy Corporation: An Overview
Valero Energy Corporation is an American-based energy company headquartered in San Antonio, Texas. Founded in 1980, it is the world’s largest independent refiner and marketer of petroleum products. Valero Energy is one of the largest energy companies in the United States, with an annual revenue of over $94 billion in 2020. The company owns and operates 15 refineries across the United States, Canada, and the United Kingdom, as well as thousands of retail outlets. Valero Energy also produces and markets a wide variety of petrochemicals, fuels, lubricants, and renewable energy products.
Valero Energy’s Stock Performance
Valero Energy’s stock has been on a steady rise since its initial public offering in 1982. Over the past decade, Valero Energy’s stock has seen strong growth, outpacing the S&P 500 and rivaling the performance of some of the largest energy companies in the world. In 2020, Valero Energy’s stock reached an all-time high price of $88.35 per share, a nearly 300% increase from its price in 2010. In 2021, the stock continued to rise, reaching a high of $106.25 per share in April 2021.
Historical Valero Energy Stock Price
Valero Energy’s stock price has seen a steady upward trend over the past decade. Here is a look at the company’s stock price over the past 10 years:
- In 2010, Valero Energy’s stock price was $24.39 per share.
- In 2011, the stock price rose to $28.30 per share.
- In 2012, the stock price rose to $42.06 per share.
- In 2013, the stock price rose to $53.31 per share.
- In 2014, the stock price rose to $63.44 per share.
- In 2015, the stock price rose to $68.43 per share.
- In 2016, the stock price rose to $77.50 per share.
- In 2017, the stock price rose to $86.35 per share.
- In 2018, the stock price rose to $87.21 per share.
- In 2019, the stock price rose to $86.48 per share.
- In 2020, the stock price rose to $88.35 per share.
Valero Energy’s Dividend History
Valero Energy has paid dividends for over 20 years. The company has steadily increased its dividend payments over the past decade, from $0.20 per share in 2011 to $1.80 per share in 2021. In 2020, Valero Energy paid a total of $1.50 per share in dividends. The company has increased its dividend payout ratio from 20.5% in 2011 to 44.3% in 2021.
Valero Energy’s Stock Price Outlook
Valero Energy’s stock price is expected to continue its upward trend in the coming years. Analysts predict that the stock could reach $120 per share by the end of 2023. Valero Energy’s strong performance and its commitment to increasing dividends are expected to continue to drive the stock price higher.
Conclusion
Valero Energy’s stock price has been on a steady rise since its initial public offering in 1982, and the company has paid dividends for over 20 years. Valero Energy’s stock price is expected to continue its upward trend in the coming years, with analysts predicting it could reach $120 per share by the end of 2023. The company’s strong performance and commitment to increasing dividends are expected to continue to drive the stock price higher.