Top 5 Energy Dividend Stocks To Invest In

3. Marathon Petroleum Corporation (NYSE: MPC)

No. of Hedge Fund Holders: 43
Dividend Yield: 4.16%

Marathon Petroleum ranks 3rd on the list of top 10 energy dividend stocks to buy now. The Ohio-based company acquired Andeavor (now Tesoro) in 2018 to become the latest petroleum refinery operator in the country.  J.P. Morgan recently upgraded the stock, citing a bullish outlook for U.S. oil refinery industry.  The firm especially likes the company’s sale of its Speedway business to 7-Eleven, Inc. for $21 billion.

As of the end of the fourth quarter, there were 43 hedge funds in Insider Monkey’s database that held stakes in MPC, compared to 56 funds in the third quarter. Seth Klarman’s Baupost Group is the company’s biggest stakeholder, with 7.7 million shares worth $318.1 million.