Louis Navellier is Buying These 5 Energy Stocks in 2022

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

Value of Navellier & Associates‘ 13F Position: $8.56 million

Number of Hedge Fund Shareholders (as of March 31): 51

EOG Resources, Inc. (NYSE:EOG) was already a stalwart member of Louis Navellier’s 13F portfolio heading into 2022 and became even further entrenched after the money manager raised his position in the company by 151% during the first quarter. Yet while most energy stocks were gaining hedge fund ownership during Q1, EOG actually suffered a small 6% decline.

EOG Resources, Inc. (NYSE:EOG) is no different from the majority of other energy names on this list, as it’s currently awash in cash and set to make its shareholders very happy this year. In addition to its $0.75 quarterly dividend payments, EOG is also making special dividend payments that send some of its excess cash over to shareholders. Its latest such payment came in at $1.80 per share.

EOG Resources, Inc. (NYSE:EOG) is not only benefiting from the skyrocketing oil prices, but also from its own substantial operational improvements. EOG shuttered many of its underperforming wells at the height of the pandemic and the effect on the company’s operating margin has been tremendous. EOG has pushed its operating margin up by more than 900% from its pandemic low, hitting 43.15% on that front in the latest quarter.