In this article, we will be taking a look at 5 energy monthly dividend stocks. To skip our detailed analysis of these stocks and the energy sector, you can go directly to see the 10 Energy Stocks that Pay Monthly Dividends.
5. Pembina Pipeline Corporation (NYSE: PBA)
Number of Hedge Fund Holders: 15
Dividend Yield: 6%
Pembina Pipeline Corporation (NYSE: PBA) is a provider of transportation and midstream services in the energy industry, and ranks 5th on our list of energy monthly dividend stocks. The company is based in Calgary, Canada.
Ben Pham, an analyst at BMO Capital, resumed coverage of shares of Pembina Pipeline Corporation (NYSE: PBA) this July. The analyst hold a Market Perform rating on the stock, alongside a price target of $32.70, up from the previous price target of $31.11.
In the second quarter of 2021, Pembina Pipeline Corporation (NYSE: PBA) had an EPS of $0.37, missing estimates by $0.07. The company’s revenue was $1.56 billion, up 63.99% year over year and beating estimates by $361.48 million. Pembina Pipeline Corporation (NYSE: PBA) has also gained 15.45% in the past 6 months and 33.88% year to date.
By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in Pembina Pipeline Corporation (NYSE: PBA) worth roughly $74.9 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $61.7 million.
4. Sabine Royalty Trust (NYSE: SBR)
Number of Hedge Fund Holders: 5
Dividend Yield: 6.1%
Sabine Royalty Trust (NYSE: SBR) based in Dallas, Texas, is an energy company operating in the oil and gas exploration and production sector. The company ranks 4th on our list of energy monthly dividend stocks and holds royalty and mineral interests in oil and gas producing properties in the US.
In the first quarter of 2021, Sabine Royalty Trust (NYSE: SBR) had a revenue of $9.74 million, beating the previous quarter’s revenue of $6.86 million. Sabine Royalty Trust (NYSE: SBR) has also gained 19.81% in the past 6 months and 36.34% year to date.
By the end of the first quarter of 2021, 5 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sabine Royalty Trust (NYSE: SBR) worth roughly $13.5 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $12.8 million.
3. PermRock Royalty Trust (NYSE: PRT)
Number of Hedge Fund Holders: N/A
Dividend Yield: 6.1%
PermRock Royalty Trust (NYSE: PRT) is a fund holding 80% net profits interest in Boaz Energy II, LLC’s oil and natural gas production properties located within the Permian Basin in Texas. The company is itself based in Fort Worth Texas and ranks 3rd on our list of energy monthly dividend stocks.
According to the Wall Street Journal, the current consensus rating on shares of PermRock Royalty Trust (NYSE: PRT) is Hold.
PermRock Royalty Trust (NYSE: PRT) has about $76.52 million in assets under management. The company’s price return in the past year was up 212.94% versus the S&P 500’s 32.47% gain, while its total return during the same time period was up 236.96%, versus the S&P 500’s total return gain of about 10.4%. PermRock Royalty Trust (NYSE: PRT) has also gained 68.65% in the past 6 months and 144.71% year to date.
2. Cross Timbers Royalty Trust (NYSE: CRT)
Number of Hedge Fund Holders: N/A
Dividend Yield: 7%
Cross Timbers Royalty Trust (NYSE: CRT), an energy company operating in the oil and gas exploration and production sector and an American express trust based in Dallas, Texas, is next on our list of energy monthly dividend stocks. The company holds about 90% of the net profits interests in a range of properties in Texas, Oklahoma, and New Mexico, and ranks 2nd on our list.
In the first quarter of 2021, Cross Timbers Royalty Trust (NYSE: CRT) had a revenue of $1.36 million, beating the previous quarter’s $1.20 million revenue. Cross Timbers Royalty Trust (NYSE: CRT) has gained 43.03% in the past 6 months and 42.68% year to date.
1. San Juan Basin Royalty Trust (NYSE: SJT)
Number of Hedge Fund Holders: 2
Dividend Yield: 8.4%
San Juan Basin Royalty Trust (NYSE: SJT) is a Texas-based energy company ranking 1st on our list of energy monthly dividend stocks. The company owns a 75% net overriding royalty interest in Southland’s oil and natural gas interests in the San Juan Basin.
In the first quarter of 2021, San Juan Basin Royalty Trust (NYSE: SJT) had a revenue of $8.21 million, up 42.08% year over year and beating the previous quarter’s revenue of $2.81 million by a large margin. San Juan Basin Royalty Trust (NYSE: SJT) has also gained 41.53% in the past 6 months and 91.14% year to date.
By the end of the first quarter of 2021, 2 hedge funds out of the 866 tracked by Insider Monkey held stakes in San Juan Basin Royalty Trust (NYSE: SJT) worth roughly $471,000. This is compared to 2 hedge funds in the previous quarter with a total stake value of approximately $297,000.
See also 10 Best Solar Energy Stocks To Buy Now and 11 Best Clean Energy Stocks To Buy.
