In the previous year, the energy industry, particularly oil and gas, outperformed. With a cumulative return of 53.3 percent as of early January, it was voted the best-performing industry in 2021. The energy sector had one of its strongest years in 2021, following a pandemic-driven decline in early 2020. Since Russia’s invasion of Ukraine, crude oil prices have skyrocketed. WTI, the US crude oil index, increased by as much as 7% to trade above $128 a barrel. Brent crude oil, the worldwide benchmark, rose 7.7% to $132.75 before reversing course.
Insider Monkey analyzed the crude oil stocks that recently received positive analyst ratings. Matador Resources Business is a privately held oil and gas exploration and production company. The Delaware Basin, Eagle Ford shale, and Haynesville shale are all home to the Texas-based oil and gas business. The company upped its quarterly dividend by 100% to $0.025 per share in October. Marathon Petroleum Corporation pays a yearly dividend of $2.32 per share, yielding 3.04 percent. Elliott Management, with 10.5 million shares worth $676 million, is the largest shareholder in the Ohio-based crude oil refiner. Shell Plc, a European oil major, had its stock rise 3.10 percent at the conclusion of the first week of March. The London-based energy corporation recently declared its entire withdrawal from Russian oil partners as a result of Russia’s escalating invasion of Ukraine. Phillips 66 is a petroleum product and crude oil midstream corporation. Refining, chemicals, and oil marketing are also part of the Texas-based energy company’s portfolio. In the fourth quarter of 2021, Phillips 66 generated $1.8 billion in operating cash flow. Pioneer Natural Resources Company earned $1.1 billion in fourth-quarter free cash flow and $3.2 billion for the full year 2021. The Texas-based oil company offers its owners a unique dividend structure, which attracts new investors. For more details, click 10 Best Crude Oil Stocks To Buy Today,