5 Best Energy Stocks for 2022

 2. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 56

ConocoPhillips (NYSE:COP) takes the second position in our list of the best energy stocks for 2022. ConocoPhillips (NYSE:COP) is a Texas-based American multinational corporation engaged in the exploration and production of oil and gas. Having a market capitalization of $133 billion, the organization is a big name in the global oil and gas industry. Currently, it has its operations in 14 countries spanning different regions of the world including North America, Europe, the Middle East, Africa, and the Asia Pacific. 

On April 20, Scotiabank analyst Paul Cheng upgraded ConocoPhillips (NYSE:COP) to Outperform from Sector Perform with a price target of $115. Similarly, analysts at Barclays and Mizuho have raised their price targets and given ‘Overweight’ and ‘Buy’ ratings to ConocoPhillips (NYSE:COP) respectively.