Top 5 Energy Dividend Stocks To Invest In

4. Valero Energy Corporation (NYSE: VLO)

No. of Hedge Fund Holders: 38
Dividend Yield: 5.21%

Valero is a Texas-based Fortune 500 company. Citi recently added the stock to its 2021 top picks, with a price target of $95. The firm said that VLO is one of the best companies with exposure to the refinery market which will get a boost after the harsh winters in Texas.  J.P. Morgan also recently boosted its price target for the stock to $87 from $71.

As of the end of the fourth quarter, 38 hedge funds in Insider Monkey’s database of 887 funds held stakes in Valero Energy Corporation. Holocene Advisors is the company’s biggest stakeholder, with 2 million shares worth $117.4 million.