5 Best Energy Stocks for 2021

3. Royal Dutch Shell plc (NYSE: RDS-A)

Number of Hedge Fund Holders: 34  

Royal Dutch Shell plc (NYSE: RDS-A) is a Netherlands-based oil and gas firm that was founded in 1907. It is placed third on our list of 10 best energy stocks for 2021. The firm markets natural gas, liquefied natural gas, crude oil, electricity, and other energy solutions for vehicles and marine vessels. The company has said it plans to reach zero carbon emissions in the next three decades after it came under fire for being identified as the seventh-largest corporate greenhouse gas emitter in the world between 1988-2015 by CDP Carbon Majors. It has a market cap of over $140 billion and posted more than $180 billion in annual revenue in 2020.

Royal Dutch Shell plc (NYSE: RDS-A) announced last month that it was partnering with a Singaporean firm to research the use of hydrogen fuel cells for powering marine vessels. The company said that the feasibility study for the project would be the first step towards the wider adoption of the clean energy system by the energy sector. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 16 million shares worth more than $565 million.