5 Best Ethanol Stocks To Buy Now

2. Valero Energy Corporation (NYSE:VLO)

Number of Hedge Fund Holders: 43     

Valero Energy Corporation (NYSE:VLO) manufactures, markets, and sells transportation fuels and petrochemical products. The company is one of the most prominent ethanol stocks to invest in. Valero Energy Corporation (NYSE:VLO) has been one of the biggest beneficiaries of the oil reserve releases of the US government, taking nearly half the crude offered, an analysis of Department of Energy data by news agency Reuters shows. It is based in Texas and was founded in 1980. Valero Energy Corporation (NYSE:VLO) was formerly known as Valero Refining and Marketing Company. 

On August 24, Piper Sandler analyst Ryan Todd maintained an Overweight rating on Valero Energy Corporation (NYSE:VLO) stock and raised the price target to $150 from $142, highlighting an increasingly constructive outlook for the renewable diesel and biodiesel market. 

At the end of the second quarter of 2022, 43 hedge funds in the database of Insider Monkey held stakes worth $759.8 million in Valero Energy Corporation (NYSE:VLO), compared to 47 the preceding quarter worth $438 million.