10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela

5. Valero Energy Corporation (NYSE:VLO

Number of Hedge Fund Holders: 60

Dividend Yield as of Jan. 12: 2.52%

Next on our list of the Best Oil Dividend Stocks to Invest in is Valero Energy Corporation (NYSE:VLO), the world’s premier independent petroleum refiner and a leading producer of low-carbon transportation fuels.

Valero Energy Corporation (NYSE:VLO) soared to an all-time high on January 8 as investors recognized the company to be among the biggest beneficiaries if President Trump succeeds in his mission to flood the US markets with cheaper Venezuelan oil. Valero is the largest refiner on the Gulf Coast, and its refineries are historically designed to process heavier crudes like those coming from Venezuela. While the company has already been buying some amount of Venezuelan oil from Chevron, it has the capacity to process an incremental 300,000 to 400,000 bpd, according to Barclays analyst Theresa Chen.

Valero Energy Corporation (NYSE:VLO) is also favored by the legendary investor Michael Burry, who mentioned the stock in the following blog post on Substack on January 5:

“Realize that many Gulf Coast refineries were purpose-built for Venezuelan heavy crude. So they have been running with suboptimal feedstock for years. This will, in time, produce better margins across jet fuel, asphalt, and diesel … I have owned Valero since 2020, and I am more resolved to holding it even longer after this weekend.”

Moreover, on January 9, Mizuho analyst Nitin Kumar further added to the bullish sentiment around Valero Energy Corporation (NYSE:VLO) when he raised the firm’s price target on the stock from $192 to $197, expecting the company to report a strong quarter in Q4. That said, Mizuho maintained its ‘Neutral’ rating on VLO.

Following the recent rally, the share price of Valero Energy Corporation (NYSE:VLO) has surged by almost 35% over the last year.