5 Best Undervalued Energy Stocks to Buy According to Analysts

1. Valero Energy Corporation (NYSE:VLO)

Number of Hedge Fund Holders: 47

Average Analyst Price Target as of April 5: $163.93

Average Upside Potential as of April 5: 20.27%

PE Ratio (TTM) as of April 5: 4.65

47 hedge funds disclosed having stakes in Valero Energy Corporation (NYSE:VLO) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $978 million. As of December 31, AQR Capital Management is the largest investor in the company and has a position worth $165 million.

This March, JPMorgan analyst John Royall raised his price target on Valero Energy Corporation (NYSE:VLO) to $172 from $160 and reiterated an Overweight rating on the shares.

Valero Energy Corporation (NYSE:VLO) has received 14 Buy ratings from Wall Street analysts over the past 3 months. The stock has an average price target of 163.93, which represents an upside of 20.27% from current levels. As of April 5, the stock is trading at a PE multiple of 4x. Valero Energy Corporation (NYSE:VLO) is the best undervalued energy stock to buy now according to analysts.

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