5 Energy Dividend Stocks with Over 2% Yield

4. Falcon Minerals Corporation (NASDAQ: FLMN)

Number of Hedge Fund Holders: 21
Dividend Yield: 5.6%

Falcon Minerals Corporation (NASDAQ: FLMN) works to acquire and own mineral, royalty, and overriding royalty interests in oil and natural gas properties in North America. The company ranks 4th on our list of energy dividend stocks with over 2% yield.

This March, Wells Fargo’s Nitin Kumar upgraded shares of Falcon Minerals Corporation (NASDAQ: FLMN) from Equal Weight to Overweight. The analyst also raised his price target on the stock from $5 to $8.

In the second quarter of 2021, Falcon Minerals Corporation (NASDAQ: FLMN) had an EPS of $0.08, in line with estimates. The company’s revenue was $16.16 million, up 164.28% year over year and beating the previous quarter’s $12.50 million revenue. Falcon Minerals Corporation (NASDAQ: FLMN) has gained 6.64% in the past 6 months and 34.33% year to date.

By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Falcon Minerals Corporation (NASDAQ: FLMN) worth roughly $42.7 million. This is compared to 26 hedge funds in the previous quarter with a total stake value of approximately $30.2 million.