5 Biggest Energy Companies in the US

4. Valero Energy Corporation (NYSE:VLO)

2021 Revenue: $113.97 billion

Number of Hedge Funds: 43

Valero Energy Corporation (NYSE:VLO) refines and markets oil and gas. The company operates in Refining, Renewable Diesel, and Ethanol segments.

In August, analyst Ryan Todd at Piper Sandler raised the firm’s price target for Valero from $142 to $150 while maintaining an Overweight rating on the stock.

Many hedge funds also like the stock. At the end of the second quarter of 2022, 43 hedge funds in the database of Insider Monkey held stakes worth $759.77 million in Valero Energy Corporation (NYSE:VLO). When looking at the institutional investors followed by Insider Monkey, Israel Englander’s Millennium Management is the largest stakeholder in Valero Energy Corporation (NYSE:VLO) with shares valued at $201.15 million comprising 0.12% of its 13F portfolio.