Top 5 Oil and Gas Stocks to Invest In

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

No of Hedge Fund Holders: 45
Total Value of Hedge Fund Holdings: $750 Million

Securing the 2nd spot on the list of 10 oil and gas stocks to invest in is EOG Resources, Inc. Headquartered in Houston, Texas, EOG Resources, Inc. is one of the leading energy companies with 47,000 net acres in the Horn River Formation. The company recently reported prospects for natural gas gold in South Texas while concentrating on ‘double premium oil wells in the Lower 48. According to the company, the claim may be a surefire way for EOG to sustain its natural gas industry credentials.

On April 20, Mizuho analyst maintained EOG Resources as a Buy with a $92 price target. The company has a market cap of $40.0 billion. The company’s revenue in full-year 2020 came in at $11.03 billion. The stock has gained 63% in the last twelve months. Overall, hedge fund sentiment increased significantly for the company. The stock was in 46 hedge funds’ portfolios at the end of December compared to 36 in the previous quarter.