5 Best Dividend Stocks To Buy According to Arosa Capital Management

1. Valero Energy Corporation (NYSE:VLO)

Number of Hedge Fund Holders: 32
Dividend Yield as of February 16: 4.35%
Arosa Capital’s Stake Value: $2,536,000

Valero Energy Corporation (NYSE:VLO) is a Texas-based energy company that manufactures fuels, petrochemical products, and power. In Q4 2021, the company represented 0.62% of Arosa Capital, as the hedge fund held a stake worth over $2.5 million in the company.

Valero Energy Corporation (NYSE:VLO) managed to sustain its dividend throughout the pandemic and currently pays a quarterly dividend of $0.98 per share. The stock’s dividend yield stands at 4.35%. On January 25, Piper Sandler raised its price target on Valero Energy Corporation (NYSE:VLO) to $95, with an Overweight rating on the shares, as the firm sees an increased demand for crude oil in 2022.

At the end of Q3 2021, 32 hedge funds tracked by Insider Monkey reported owning positions in Valero Energy Corporation (NYSE:VLO), down from 38 in the previous quarter. These stakes hold a value of over $289 million.

You can also take a look at 10 Best 3D Printing Stocks to Buy Now and Billionaire Louis Bacon’s Top 10 Stock Picks

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