Billionaire investor Steve Cohen is betting big on these 2 high-yield dividend stocks

Running a hedge fund is not easy. Steve Cohen, however, does it perfectly and is one of the true leaders in his field. He personally oversees Point72 Asset Management, a $26 billion hedge fund company. Here are 2 dividend stocks that Cohen has been buying into the portfolio recently.

Steve Cohen

EOG Resources $EOG

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, Eagle Ford and Bakken. It has reported net proved reserves of 3.7 billion barrels of oil equivalent at the end of 2021. Net production averaged 829 thousand barrels of oil equivalent per day in 2021 at a ratio of 72% oil and 28% natural gas. Along with Exxon Mobil Corporation, ConocoPhillips, and Chevron Corporation, EOG Resources is one of the best safe energy stocks to hold for the long term.

Five-year price chart of EOG stock, Source: Google Finance

The company posted top-line revenue of $7.6 billion for 3Q22, up an impressive 58% year-over-year. The company's…

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This hydrocarbon company was clearly attractive to Steve Cohen, who bought 1,174,838 shares in the third quarter. This is a new and significant position for his company. At current share prices, the stake is worth over $165 million.

HR stock is followed by 4 analysts, of which 2 have a buy recommendation and 2 have a hold recommendation. This adds up to a consensus analyst consensus of a moderate buy. Shares in HR are currently trading at $19.74 and the average price target of $24.25 implies a 22.85% upside from this level by the end of next year.

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Çoğunuz hisse senetlerine, bonolara, ETS'ye veya MF'lere yatırım yapmadığımı biliyorsunuz. Lütfen bundan sonra söyleyeceğim şeyi DİNLEMEYİN: "Kağıt varlıklardan kurtulurdum." Dünya ekonomisi bir “Pazar” değildir. Ekonominin dünya tarihindeki en büyük balon olduğuna inanıyorum. Allah hepimize merhamet etsin.rftretf

EOG Resources is firmly committed to returning capital to shareholders!

One Of The Best Thing

The information in this article is for educational purposes only and does not serve as investment advice. The authors present only facts known to them and do not draw any conclusions or recommendations for readers. Read our Terms and Conditions
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