5 Best Energy ETFs: Top Oil, Gas and Renewable Energy Funds

4. Invesco Dynamic Energy Exploration & Production ETF (NYSE:PXE)

5-Year Share Price Performance as of March 14: 79.57%

Invesco Dynamic Energy Exploration & Production ETF (NYSE:PXE) is based on the Dynamic Energy Exploration & Production Intellidex Index, comprising securities from 30 US companies involved in exploring and producing natural resources for energy. Launched on October 26, 2005, Invesco Dynamic Energy Exploration & Production ETF (NYSE:PXE)’s portfolio holds 32 stocks with an expense ratio of 0.60% as of March 12, 2024. Invesco Dynamic Energy Exploration & Production ETF (NYSE:PXE) is one of the best energy ETFs. 

Valero Energy Corporation (NYSE:VLO) is the top holding of Invesco Dynamic Energy Exploration & Production ETF (NYSE:PXE). Valero Energy Corporation (NYSE:VLO) manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products worldwide. On January 25, the company reported a Q4 non-GAAP EPS of $3.55 and a revenue of $35.41 billion, outperforming Wall Street estimates by $0.60 and $860 million, respectively. 

According to Insider Monkey’s fourth quarter database, 47 hedge funds were bullish on Valero Energy Corporation (NYSE:VLO), compared to 44 funds in the prior quarter. Cliff Asness’ AQR Capital Management is the largest stakeholder of the company, with 1.7 million shares worth $220.4 million. 

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