In this article, we will be looking at 5 energy dividend stocks with over 2% yield. To read our detailed analysis of the energy sector, you can go directly to see the 10 Energy Dividend Stocks with Over 2% Yield.
5. Brigham Minerals, Inc. (NYSE: MNRL)
Number of Hedge Fund Holders: 13
Dividend Yield: 5.1%
Brigham Minerals, Inc. (NYSE: MNRL) owns and operates a mineral and royalty interests portfolio. The company owns royalty interests in about 5,398 oil wells and 587 natural gas wells, as of December 31st, 2020. It ranks 5th on our list of energy dividend stocks with over 2% yield.
This June, Barclays analyst Jeanine Wai raised her price target on shares of Brigham Minerals, Inc. (NYSE: MNRL) from $17 to $18. Wai also reiterated an Overweight rating on the company’s shares.
In the second quarter of 2021, Brigham Minerals, Inc. (NYSE: MNRL) had an EPS of $0.25, in line with estimates. The company’s revenue was $37.81 million, up 199.97% year over year and beating estimates by $1.54 million. Brigham Minerals, Inc. (NYSE: MNRL) has gained 17.50% in the past 6 months and 65.96% year to date.
By the end of the first quarter of 2021, 13 hedge funds out of the 866 tracked by Insider Monkey held stakes in Brigham Minerals, Inc. (NYSE: MNRL) worth roughly $54.3 million. This is compared to 17 hedge funds in the previous quarter with a total stake value of approximately $73.9 million.
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.
3. Frontline Ltd. (NYSE: FRO)
Number of Hedge Fund Holders: 10
Dividend Yield: 6.9%
Frontline Ltd. (NYSE: FRO) is a shipping company working for the seaborne transportation of crude oil and oil products across the globe. The company owns and operates oil and product tankers and ranks 3rd on our list of energy dividend stocks with over 2% yield.
Danske Bank just this June upgraded shares of Frontline Ltd. (NYSE: FRO) from Hold to Buy. Analyst Anders Karlsen led the move, while also placing a $9.70 price target on the shares.
In the first quarter of 2021, Frontline Ltd. (NYSE: FRO) had an EPS of $0.04, beating estimates by $0.12. The company’s revenue was $107.11 million, also beating estimates by $11.91 million. Frontline Ltd. (NYSE: FRO) has gained 15.63% year to date.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Frontline Ltd. (NYSE: FRO) worth roughly $10.6 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $47.6 million.
2. Equitrans Midstream Corporation (NYSE: ETRN)
Number of Hedge Fund Holders: 28
Dividend Yield: 7%
Equitrans Midstream Corporation (NYSE: ETRN) works to operate and acquire natural gas gathering, transmission, and storage, and water services assets in the Appalachian Basin for their development. The company ranks 2nd on our list of energy dividend stocks with over 2% yield and operates through its Gathering System, Transmission and Storage System, and Water Service System segments.
This June, Barclays analyst Christopher Tillett raised his price target on shares of Equitrans Midstream Corporation (NYSE: ETRN) from $7 to $9.
In the second quarter of 2021, Equitrans Midstream Corporation (NYSE: ETRN) had an EPS of $0.13, missing estimates by -$0.09. The company’s revenue was $348.30 million, up 2.26% year over year and beating estimates by $7.42 million. Equitrans Midstream Corporation (NYSE: ETRN) has gained 17.08% in the past 6 months and 10.72% year to date.
By the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in Equitrans Midstream Corporation (NYSE: ETRN) worth roughly $361 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $407 million.
1. Archrock, Inc. (NYSE: AROC)
Number of Hedge Fund Holders: 16
Dividend Yield: 7.2%
Archrock, Inc. (NYSE: AROC) is an energy infrastructure company operating in the US through its Contrac Operations and Aftermarket Services segments. The company ranks 1st on our list of energy dividend stocks with over 2% yield and works to design, outsource, own, install, operate, service, repair, and maintain its fleet of natural gas compression equipment to provide natural gas compression services in the oil and gas industry.
As of this March, B. Riley Securities holds a Buy rating on shares of Archrock, Inc. (NYSE: AROC). The firm’s analyst Thomas Curran also raised his price target on the stock from $8.50 to $12 during the same month.
In the second quarter of 2021, Archrock, Inc. (NYSE: AROC) had an EPS of $0.06, in line with estimates. The company’s revenue was $195.62 million, beating the previous quarter’s revenue of $195.43 million by a small margin. Archrock, Inc. (NYSE: AROC) has gained 11.31% in the past year.
By the end of the first quarter of 2021, 16 hedge funds out of the 866 tracked by Insider Monkey held stakes in Archrock, Inc. (NYSE: AROC) worth roughly $46.6 million. This is compared to 11 hedge funds in the previous quarter with a total stake value of approximately $21.9 million.
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