5 Best Energy Dividend Stocks To Invest In

In this article, we discuss 5 best energy dividend stocks to invest in. If you want to read our detailed analysis of the energy sector and its outlook for this year, go directly to read 11 Best Energy Dividend Stocks To Invest In. 

5. EOG Resources, Inc. (NYSE:EOG)

Number of Hedge Fund Holders: 50
Dividend Yield as of February 25: 2.89%

EOG Resources, Inc. (NYSE:EOG) is an American energy company, based in Texas. The company is engaged in the exploration of hydrocarbons. In the fourth quarter of 2022, the company posted revenue of $6.7 billion, which showed an 11.3% growth from the same period last year. It generated over $1.7 billion in free cash flow during the quarter, which makes it one of the best energy dividend stocks on our list.

On February 23, EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend of $0.825 per share, consistent with its previous dividend. The company also announced a $1.0 per share in special dividends. The stock has a dividend yield of 2.89%, as of February 25.

Following the company’s recent quarterly earnings, Barclays maintained an Overweight rating on EOG Resources, Inc. (NYSE:EOG) in February, with a $145 price target.

As per Insider Monkey’s Q4 2022 database, 50 hedge funds owned stakes in EOG Resources, Inc. (NYSE:EOG), compared with 52 in the previous quarter. The collective value of these stakes is roughly $1.2 billion. Among these hedge funds, Harris Associates was the company’s leading stakeholder in Q4.