Exxon, Diamondback, and Coterra Stock Could Continue to Rally

U.S. energy stocks outperformed every other sector in the market in 2021 and 2022. That sets up a key test this year of the industry’s staying power. Not since 2010 has energy outperformed the broader market three years in a row.

Mizuho analyst Nitin Kumar expects fossil fuels to three-peat. Recent trends have been positive; despite a drop in oil prices, the stocks are holding up. Kumar initiated coverage on oil and gas with a generally positive outlook, along with some key advice for investors. His top stock picks, rated at Buy, include


Exxon


Mobil (ticker: XOM),


Diamondback Energy


(FANG), and


Coterra


(CTRA).

Source: https://www.barrons.com/articles/exxon-diamondback-coterra-energy-stock-rally-51673376718?siteid=yhoof2&yptr=yahoo