5 Best Oil Stocks that Pay Dividends

2. TotalEnergies SE (NYSE: TTE)

Number of Hedge Fund Holders: 17
Dividend Yield: 7.24%

TotalEnergies SE (NYSE: TTE) is an oil and gas company operating across the globe through its Exploration & Production, Integrated Gas, Renewables & Power, Refining & Chemicals, and Marketing & Services segments. The company ranks 2nd on our list of the best oil stocks that pay dividends.

Piper Sandler has raised its price target on TotalEnergies SE (NYSE: TTE) just this July from $60 to $66.

In the first quarter of 2021, TotalEnergies SE (NYSE: TTE) had an EPS of $1.10, beating estimates by $0.24. The company’s revenue was $38.63 billion, up 0.15% year over year and significantly higher than the previous quarter’s $32.35 billion revenue. TotalEnergies SE (NYSE: TTE) has gained about 1.61% in the past 6 months and 3.85% year to date as well.

By the end of the first quarter of 2021, 17 hedge funds out of the 866 tracked by Insider Monkey held stakes in TotalEnergies SE (NYSE: TTE) worth roughly $1.16 billion. This is compared to 14 hedge funds in the previous quarter with stakes worth approximately $980 million.