Top 5 Energy Sector Stocks for 2021

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In this article we discuss the Top 5 Energy Sector Stocks for 2021. If you want to read our detailed analysis of the energy sector outlook for 2021 and beyond, go directly to Top 10 Energy Sector Stocks for 2021.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the top energy stocks to buy for 2021:

5. ConocoPhillips (NYSE: COP)

Texas-based ConocoPhillips is one of the top 10 energy sector stocks for 2021. The company is engaged in hydrocarbon and other energy resources exploration all over the world. As of the end of 2019, the company had about 5,262 million barrels of oil equivalent energy resources. Earlier in February, S&P Global lowered its credit ratings for ConocoPhillips (NYSE:COP), citing the worldwide transition from fossil fuels to green energy. The company has a dividend yield of 3.5%.

As of the end of the fourth quarter, 49 hedge funds tracked by Insider Monkey were long ConocoPhillips.

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