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.”
4. Evolution Petroleum Corporation (NYSE:EPM)
Renaissance Technologies’ Stake Value: $11,430,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.01%
Number of Hedge Fund Holders: 10
Dividend Yield as of January 5: 5.38%
Renaissance Technologies owns a $11.43 million position in Evolution Petroleum Corporation (NYSE:EPM) as of Q3 2021.
Evolution Petroleum Corporation (NYSE:EPM) reported its Q3 results on November 9. The company posted earnings per share of $0.16, beating estimates by $0.01. The revenue equaled $18.88 million, up 237.40% year-over-year, exceeding estimates by $1.13 million.
Of the 10 hedge funds that reported owning stakes in Evolution Petroleum Corporation (NYSE:EPM) in the third quarter, Millennium Management is one of the largest company stakeholders, holding 394,289 shares worth $2.29 million.
3. Viper Energy Partners LP (NASDAQ:VNOM)
Renaissance Technologies’ Stake Value: $1,772,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.00%
Number of Hedge Fund Holders: 8
Dividend Yield as of January 5: 6.10%
Viper Energy Partners LP (NASDAQ:VNOM) is a company that owns and acquires oil and natural gas properties in North America. Jim Simons’ Renaissance Technologies holds 81,100 shares of Viper Energy Partners LP (NASDAQ:VNOM), worth $1.77 million as of Q3 2021.
Piper Sandler analyst Pearce Hammond raised the price target on Viper Energy Partners LP (NASDAQ:VNOM) to $25 from $20 and kept an Overweight rating on the shares on October 13. The analyst says the mineral sector remains an “attractive yield vehicle” for investors as higher oil and gas prices largely flow through to the bottom line and are reflected in larger distributions.
In the third quarter of 2021, 8 hedge funds reported owning stakes in Viper Energy Partners LP (NASDAQ:VNOM), down from 12 funds in the preceding quarter. Cardinal Capital is the largest company stakeholder, with 2.78 million shares worth $60.75 million.
2. PetroChina Company Limited (NYSE:PTR)
Renaissance Technologies’ Stake Value: $34,077,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.04%
Number of Hedge Fund Holders: 7
Dividend Yield as of January 5: 6.73%
PetroChina Company Limited (NYSE:PTR) is the largest oil and gas producer in Asia, headquartered in Beijing, China. Jim Simons’ Renaissance Technologies owns 728,447 PetroChina Company Limited (NYSE:PTR) shares as of September 2021, worth over $34 million, representing 0.04% of the firm’s total Q3 investments.
JPMorgan analyst Parsley Ong upgraded PetroChina Company Limited (NYSE:PTR) on November 29 to Overweight from Underweight as the firm revised its chemical spread and oil price forecasts. The analyst also cited a favorable risk-reward post the stock’s share price drop over the past six months.
A total of 7 hedge funds in the database of 867 elite funds maintained by Insider Monkey were bullish on PetroChina Company Limited (NYSE:PTR), with stakes worth $94.9 million. Arrowstreet Capital is the biggest PetroChina Company Limited (NYSE:PTR) stakeholder from Q3 2021, increasing its stake in the company by 44% in the third quarter, holding 827,922 shares worth $38.73 million.
1. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Renaissance Technologies’ Stake Value: $74,552,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.09%
Number of Hedge Fund Holders: 23
Dividend Yield as of January 5: 16%
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), a Brazilian state owned multinational corporation based in Rio de Janeiro, is a high dividend energy stock to buy according to billionaire Jim Simons’ portfolio. Renaissance Technologies holds a $74.5 million stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), representing 0.09% of the fund’s total investments for the third quarter.
In the third quarter of 2021, the company’s quarterly earnings report was published on October 28. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) posted an EPS of $0.47, exceeding estimates by $0.14. The $21.61 billion revenue missed estimates by $296.05 million.
Goldman Sachs analyst Bruno Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on December 15 to Buy from Neutral with a $14.20 price target, citing better risk/reward for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), in addition to excess cash returns in 2022, which will likely be distributed as dividends.
Of the 23 hedge funds that were long Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the third quarter, Fisher Asset Management is one of the leading stakeholders of the company, with 43.79 million shares worth $452.8 million.
You can also take a look at 10 Value Stocks in Joel Greenblatt’s Portfolio and Top 10 Stock Picks of Billionaire Nicholas Pritzker.
