5 Best Performing Energy ETFs in 2022

1. Energy Select Sector SPDR Fund (NYSE:XLE)

YTD Share Price Gain as of December 7: 49.37%

Energy Select Sector SPDR Fund (NYSE:XLE) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index, which represents the energy sector of the S&P 500 Index. Energy Select Sector SPDR Fund (NYSE:XLE) was launched on December 16, 1998 and it currently has 23 holdings in its portfolio. On December 6, 2022, the 30-day SEC yield came in at 3.20% and the fund has $40.2 billion in assets under management. 

Marathon Petroleum Corporation (NYSE:MPC) is one of the top holdings of Energy Select Sector SPDR Fund (NYSE:XLE). It operates as an integrated downstream energy company in the United States. On November 1, Marathon Petroleum Corporation (NYSE:MPC) declared a $0.75 per share quarterly dividend, a 29.3% increase from its prior dividend of $0.58. The dividend is distributable on December 12, to shareholders of record on November 16. 

According to Insider Monkey’s Q3 data, Marathon Petroleum Corporation (NYSE:MPC) was part of 50 hedge fund portfolios, and Paul Singer’s Elliott Management held the biggest position in the company, consisting of 11 million shares worth $1 billion. 

Here is what Clark Street Value has to say about Marathon Petroleum Corporation (NYSE:MPC) in its Q4 2021 investor letter:

“During the worst of covid, I bought some LEAPs on Marathon Petroleum (MPC) as a proxy for Par Pacific (PARR) since long dated options weren’t available on the later.  Those MPC calls expire next month and I’ll take profits, with PARR I’ve reduced my position throughout the year and might sell the rest early next year, I’ve owned it for 6-7 years and it has gone nowhere, they haven’t touched the NOLs, just a difficult business that I probably don’t understand as well as I should.”

You can also take a look at 11 Best Hardware Stocks To Buy and 10 Best Gold Stocks with Dividends.