5 Energy Dividend Stocks to Buy According to Billionaire Jim Simons’ Portfolio

In this article, we discuss 5 energy dividend stocks to buy according to billionaire Jim Simons’ portfolio. If you want our detailed analysis of these stocks, go directly to 10 Energy Dividend Stocks to Buy According to Billionaire Jim Simons’ Portfolio. 

5. Exxon Mobil Corporation (NYSE:XOM)

Renaissance Technologies’ Stake Value: $158,466,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.20%

Number of Hedge Fund Holders: 64

Dividend Yield as of January 5: 5.24%

Renaissance Technologies boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 396% in the third quarter, holding 2.69 million shares worth $158.4 million.

On December 9, JPMorgan analyst Phil Gresh raised the price target on Exxon Mobil Corporation (NYSE:XOM) to $83 from $81 and kept an Overweight rating on the shares. The analyst thinks that Exxon Mobil Corporation (NYSE:XOM) is “turning a corner, with newfound discipline and good progress on reducing debt from peak levels.”

In the third quarter of 2021, 64 hedge funds monitored by Insider Monkey were long Exxon Mobil Corporation (NYSE:XOM), down from 68 funds in the prior quarter. GQG Partners, the largest Exxon Mobil Corporation (NYSE:XOM) stakeholder, increased its position in the company by 87% in Q3, with 26.5 million shares worth $1.56 billion.

Here is what First Eagle Investment Management has to say about Exxon Mobil Corporation (NYSE:XOM) in its Q2 2021 investor letter:

“Leading contributors in the First Eagle Global Fund this quarter included Exxon Mobil Corporation. The continued recovery in oil prices as economies reopen helped fuel another strong performance across the energy complex, including shares of Exxon Mobil. Exxon Mobil recently lost a proxy fight with an activist investor that took three of the company’s 12 board seats. While the press was focused on the investor’s concerns over Exxon Mobil’s long term energy transformation strategy, other factors fundamental to shareholder returns—like capital discipline and balance sheet management—were also at play.”