10 Best Energy Dividend Stocks To Buy Right Now

2. Hess Corporation (NYSE:HES)

Number of Hedge Fund Holders: 75

Hess Corporation (NYSE:HES) is a New York-based independent energy company focused on exploring and producing crude oil and natural gas. In the fourth quarter of 2024, the company reported better-than-expected adjusted EPS of $1.76, with revenue and non-operating income totaling $3.23 billion, surpassing the forecast of $2.94 billion. This strong performance was mainly driven by higher production, especially from the Guyana and Bakken regions. The company’s revenue for the quarter came in at $3.23 billion, up 6.2% from the same period last year.

Recently, Hess Corporation (NYSE:HES) has focused on increasing production capacity, especially in Guyana, where major discoveries have enhanced output potential. Operational efficiency and strategic investments, such as the Floating Production Storage and Offloading (FPSO) units in Guyana, are key factors driving the company’s growth.

In Q4 2024, Hess Corporation (NYSE:HES) reported an operating cash flow of over $1.3 billion. The company ended the quarter with $1.2 billion available in cash and cash equivalents. It is one of the best dividend stocks on our list as the company has been paying uninterrupted dividends to shareholders for the past 38 years. It currently pays a quarterly dividend of $0.50 per share and has a dividend yield of 1.40%, as of February 8.

As per Insider Monkey’s database of Q3 2024, 75 hedge funds held stakes in Hess Corporation (NYSE:HES), up from 73 in the previous quarter. These stakes are worth nearly $8 billion in total. With over 10.7 million shares, Adage Capital Management was the company’s leading stakeholder in Q3.