5 Best Performing Energy ETFs in 2022

2. Fidelity MSCI Energy Index ETF (NYSE:FENY)

YTD Share Price Gain as of December 7: 49.01%

Fidelity MSCI Energy Index ETF (NYSE:FENY) seeks to provide investment returns that correspond generally to the performance of the MSCI USA IMI Energy Index. The fund has net assets worth $1.7 billion as of November 30 and offers an incredibly low expense ratio of 0.08%. Fidelity MSCI Energy Index ETF (NYSE:FENY) was established in 2013 and it is passively managed. 

Of the 118 long positions, EOG Resources, Inc. (NYSE:EOG) is one of the top holdings of Fidelity MSCI Energy Index ETF (NYSE:FENY). The company explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids. Its principal producing areas are in New Mexico, Texas, and the Republic of Trinidad and Tobago. On November 3, EOG Resources, Inc. (NYSE:EOG) declared a $0.825 per share quarterly dividend, a 10% increase from its prior dividend of $0.750. The dividend is payable on January 31, 2023 to shareholders of record on January 17. The company also declared a special dividend of $1.50 per share, which is distributable on December 30. 

According to Insider Monkey’s data, 52 hedge funds were long EOG Resources, Inc. (NYSE:EOG) at the end of Q3 2022, up from 43 funds in the prior quarter. Harris Associates held the biggest position in the company, consisting of 7 million shares worth $787.4 million. 

Here is what Oakmark Select Fund has to say about EOG Resources, Inc. (NYSE:EOG) in its Q1 2022 investor letter:

“EOG Resources (NYSE:EOG) (+36%), was among our top contributors in the quarter as oil prices rallied due to tight supplies, which were then exacerbated by the Russian invasion of Ukraine. Although their share prices have increased considerably, both companies still look quite undervalued even using longer term oil prices in the $65-70 dollar range. Meanwhile, if times are good over the next couple of years, we expect these companies to return significant percentages of their market caps to shareholders.”