NEW YORK (TheStreet) -- Valero Energy  (VLO - Get Report)  stock is rising 0.63% to $71.59 in afternoon trading on Friday. 

Based in San Antonio, Valero is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The company operates in the U.S., Canada, the United Kingdom and Ireland. 

Last month, Valero announced a 25% increase in the regular quarterly cash dividend on common stock to 50 cents per share from 40 cents per share. The dividend is payable on December 17.

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Valero as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

Oil refiners have been some of the best charts in the energy universe. The best of the bunch include Valero (VLO:NYSE). We see the upward sloping channel of higher highs, higher lows and the stock coming off a very bullish morning star candle chart pattern.

The recent pullback was a nice buying chance. The dip to $67 was bought aggressively, and now we see the stock near the top end of the channel. At this point, there is some more upside and we could see this move into the low $70s. Relative strength is impressive; money is flowing into this stock.

- Chris Versace and Bob Lang "Chart of the Day: VLO" originally published on 11/20/15 on Trifecta Stocks.

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Separately, TheStreet Ratings team rates VALERO ENERGY CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

We rate VALERO ENERGY CORP (VLO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: VLO

Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.