5 Best Ethanol Stocks To Invest In Now

In this piece, we will take a look at the five best ethanol stocks to invest in now. If you want to skip our overview of ethanol and its potential to reduce emissions and maintain the performance edge enjoyed by fossil fuels, then you can take a look at the 11 Best Ethanol Stocks To Invest In Now.

5. NewMarket Corporation (NYSE:NEU)

Number of Q4 2023 Hedge Fund Shareholders: 18

NewMarket Corporation (NYSE:NEU) is a chemical company that sells fuel additives that are also used in biofuels. January 2024 was a crucial month for the firm as it saw NewMarket Corporation (NYSE:NEU) expand its presence in the aerospace and defense industry via a $700 million acquisition.

Insider Monkey’s Q4 2023 survey of 933 hedge funds revealed that 18 had bought NewMarket Corporation (NYSE:NEU)’s shares. Cliff Asness’s AQR Capital Management was the biggest stakeholder due to its $31 million stake.

4. FutureFuel Corp. (NYSE:FF)

Number of Q4 2023 Hedge Fund Shareholders: 18

FutureFuel Corp. (NYSE:FF) is a chemicals company that also sells ethanol in its diversified product portfolio. Its fourth quarter of 2023 results, which saw a revenue drop but a profit jump impressed investors, with the stock up 2% close to midday the day after the results.

After digging through 933 hedge fund portfolios for Q4 2023, Insider Monkey found 18 FutureFuel Corp. (NYSE:FF)  investors. Jim Simons’s Renaissance Technologies was the biggest shareholder as it had invested $10.5 million in the company.

3. Green Plains Inc. (NASDAQ:GPRE)

Number of Q4 2023 Hedge Fund Shareholders: 24

Green Plains Inc. (NASDAQ:GPRE) is an ethanol producer that also trades the fuel. Wall Street is quite optimistic for the stock’s future, as it has rated the shares as Strong Buy on average and assigned an average share price target of $34.42.

During 2023’s December quarter, 24 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. Green Plains Inc. (NASDAQ:GPRE)’s largest hedge fund investor is Frederick Disanto’s Ancora Advisors due to its $101 million stake.

2. Archer-Daniels-Midland Company (NYSE:ADM)

Number of Q4 2023 Hedge Fund Shareholders: 34

Archer-Daniels-Midland Company (NYSE:ADM) is one of the biggest farm products companies in the world, and since ethanol is closely liked to the corn industry, this also lends it a sizeable presence in the ethanol industry. Archer-Daniels-Midland Company (NYSE:ADM) is an ethanol trader and distributor, and the Justice Department is currently investigating its ethanol trading desk for price manipulation.

Insider Monkey scoured through 933 hedge fund portfolios for their fourth quarter of 2023 shareholdings and discovered 34 Archer-Daniels-Midland Company (NYSE:ADM) shareholders. Cliff Asness’s AQR Capital Management was the biggest investor as it held $158 million worth of shares.

1. Valero Energy Corporation (NYSE:VLO)

Number of Q4 2023 Hedge Fund Shareholders: 47

Valero Energy Corporation (NYSE:VLO) is a renewable energy company that also owns and operates 14 ethanol plants across the U.S. and Canada. The firm scored a win in March 2024 when Bank of America upgraded the shares to Buy from Neutral and upped the share price target to $210 from $156.

47 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in the firm. Valero Energy Corporation (NYSE:VLO)’s largest stakeholder among these is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital through its $290 million stake.

Disclosure: None. You can also take a look at 20 Biggest Natural Gas Companies in the World and 15 NATO Members with the Largest Militaries.

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