Jim Cramer and Hedge Funds Agree on These 5 Stocks

3. Valero Energy Corporation (NYSE:VLO)

Number of Hedge Fund Holders in Q1 2022: 47 

Number of Hedge Fund Holders in Q4 2021: 35 

Valero Energy Corporation (NYSE:VLO) markets transportation fuels and petrochemical products. According to the Mad Money Stock Screener, the journalist investor gave the stock a Buy recommendation during the Lightning Round segment of his show on May 18. During the course of the show, in which he also fielded questions from viewers, Cramer was bullish on the energy industry in general. 

On May 23, Piper Sandler analyst Ryan Todd maintained an Overweight rating on Valero Energy Corporation (NYSE:VLO) stock and raised the price target to $135 from $121, noting that there were “more legs to the refining investment case than the market believes”. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in Valero Energy Corporation (NYSE:VLO), with 1.3 million shares worth more than $139 million.