The stock market is under pressure in 2022, but some stocks avoided the selloff and even doubled in price in the last year.
During the first four months of 2022 the US stock market gives up some of its last year’s gains. The major US indexes declined, some more aggressive than others, as seen by companies in the tech sector falling faster than others.
Yet, some companies did very well in this environment. Unsurprisingly, they are all active in the energy sector, and the price of oil and natural gas did help the bottom line.
Here are four stocks to buy that doubled in price in the last twelve months: Devon Energy, Marathon Oil, Occidental Petroleum, and Coterra Energy.
Devon Energy is up 50% YTD and over 160% in the last twelve months. It operates in the oil and gas exploration and production industry, benefiting from the rise in energy prices.
Devon Energy also pays a dividend. The forward dividend yield is 7.29%, and the dividend payout ratio is 53.94%.
Marathon Oil is another energy player from the United States. Founded in 1887, it is based in Houston, Texas, and employs close to 2,000 people.
Marathon Oil’s stock price increased more than 140% in the past twelve months, with over 65% YTD. It operated with a gross profit margin of 78.65% in the past twelve months, higher than the sector median by 94.23%.
Occidental Petroleum is an American integrated oil and gas company. Like most companies in the energy sector, it pays a dividend too.
Its stock price reached new heights in the current environment, where energy prices advance quickly. As such, it gained over 140% in the last twelve months and over 100% YTD.
Coterra Energy is based in Houston, Texas, and the stock price delivered over 100% in total returns in the past twelve months. The company operated with a gross profit margin of 82.03% in the past twelve months, and at the current stock market price, the market capitalization reached $26.23 billion.