12 Best Energy Stocks to Buy According to Billionaire Ken Fisher

9. EOG Resources, Inc. (NYSE:EOG)

Fisher Asset Management’s Stake: $149.6 million

Number of Hedge Fund Holders: 62

EOG Resources, Inc. (NYSE:EOG) is a Texas-based company that explores, develops, produces, and markets hydrocarbons such as crude oil, natural gas, and natural gas liquids.

EOG Resources, Inc. (NYSE:EOG) exceeded Q4 earnings projections with an EPS of $2.74, despite costs increasing 3.6% YoY and overall quarterly revenue declining 12% YoY to $5.59 billion. The company’s Q4 volumes were also up 6.7% YoY at almost 1.1 million boepd, and it has outlined a $6.2 billion capital plan to increase oil output by 3% and total production by 6% as of 2025.

On March 4, UBS analysts, led by Josh Silverstein, decreased EOG Resources, Inc.’s (NYSE:EOG) price target from $165 to $160 while maintaining a Buy rating on the stock. The change followed the company’s mixed fourth-quarter 2024 financial performance and first-quarter 2025 estimates, which fell short of expectations. Despite this, UBS emphasized EOG Resources’ strong financial position and assets. The firm noted the company’s top-tier financial sheet and strong asset base, which is expected to become more capital-efficient by 2025.