Robinhood Markets Inc.'s Chief Investment Officer, Steph Guild, stated that the firm prefers owning individual energy stocks over Exchange Traded Funds (ETFs) within the sector. During an appearance on the podcast "Full Signal with Phil Rosen" on Tuesday, Guild explained that while she likes holding a "hedge in the energy space," she does not recommend holding the same stocks over extended time periods.
Regarding specific holdings, Guild noted that Robinhood sold its position in ExxonMobil Holdings Corp (NYSE: XOM) to invest in EOG Resources Inc. (NYSE: EOG). She also highlighted Diamondback Energy Inc. (NASDAQ: FANG) as a company she "likes a lot," describing it as a firm that is "doing interesting things." Guild emphasized that these comments are not investment recommendations.
According to the article, EOG Resources stock has surged 37.40% year-to-date, closing at $144.28 on Tuesday. Diamondback Energy shares are up 23.05% over the same period, trading at $184.98 at market close on Tuesday.
