5 Energy Dividend Stocks to Buy According to Billionaire Jim Simons’ Portfolio

2. PetroChina Company Limited (NYSE:PTR)

Renaissance Technologies’ Stake Value: $34,077,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.04%

Number of Hedge Fund Holders: 7

Dividend Yield as of January 5: 6.73%

PetroChina Company Limited (NYSE:PTR) is the largest oil and gas producer in Asia, headquartered in Beijing, China. Jim Simons’ Renaissance Technologies owns 728,447 PetroChina Company Limited (NYSE:PTR) shares as of September 2021, worth over $34 million, representing 0.04% of the firm’s total Q3 investments. 

JPMorgan analyst Parsley Ong upgraded PetroChina Company Limited (NYSE:PTR) on November 29 to Overweight from Underweight as the firm revised its chemical spread and oil price forecasts. The analyst also cited a favorable risk-reward post the stock’s share price drop over the past six months.

A total of 7 hedge funds in the database of 867 elite funds maintained by Insider Monkey were bullish on PetroChina Company Limited (NYSE:PTR), with stakes worth $94.9 million. Arrowstreet Capital is the biggest PetroChina Company Limited (NYSE:PTR) stakeholder from Q3 2021, increasing its stake in the company by 44% in the third quarter, holding 827,922 shares worth $38.73 million.