Steven Cohen’s $24B Hedge Fund Raises Stakes in 2 Tech Dividend Pairs, Opens 2 Energy Positions – Cenovus Energy (NYSE:CVE), EOG Resources (NYSE:EOG)

steven cohen He owns the New York Mets and is also the founder and hedge fund manager of Point72 Asset Management. Cohen purchased the Mets in 2020 for approximately $2.4 billion, a record-breaking sale price for an MLB team at the time.

Cohen is also an avid art collector, owning over $1 billion worth of pieces from iconic artists such as Picasso and Andy Warhol. His hedge fund has a total portfolio value of over $24 billion, and a ten-year performance of 62.2% returns, although the fund was down about 20.4% last year according to Stock Circle.

Here are four dividend-paying stocks in which Cohen opened a position or bought additional shares.

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Fidelity National Information Services Inc. financial institutions is offering a dividend yield of 3.06%, or $1.88 per share, annually through quarterly payments, with a good track record of increasing its dividend for two consecutive years. Fidelity National Information Services acquired SunGard in 2015, and now provides record-keeping and other services to investment firms. Fidelity National Information Service also provides origination and payment processing services to banks.

Point72 increased its stake in Fidelity National Information Services by more than 1.3 million shares, or roughly 68%, during the third quarter.

Juniper Networks Inc. JNPR With a track record of increasing its dividend once in the past year, is offering a dividend yield of 2.66%, or 84 cents per share, per year while operating quarterly payments. Juniper Networks is a California-based communications equipment company that develops networking products including routers, switches, network management software, and network security products.

Cohen increased the fund’s stake in Juniper Networks by a roughly 376%, or more than 4.9 million shares, in the third quarter. Point72 also bought 86 call contracts on Juniper Networks.

EOG Resources Inc. all images Paying quarterly, offering a dividend yield of 2.34% or $3.30 per share annually, with a remarkable track record of increasing its dividend for five consecutive years. EOG Resources is an oil and gas producer with acreage in several US shale plays, including the Permian Basin, Eagle Ford and the Bakken.

During the third quarter, Point72 opened a new stake in EOG Resources, purchasing more than 1.1 million shares of its common stock. Cohen also bought 62 put option contracts on EOG during the quarter.

Cenovus Energy Inc. cve With a track record of increasing its dividend once in the past year, it’s offering a dividend yield of 1.68%, or 34 cents per share, per year using quarterly payments. Cenovus Energy is an integrated oil company focused on creating value through the development of its oil sands assets. Cenovus also engages in the production of conventional crude oil, natural gas liquids and natural gas in Alberta, Canada, with refining operations in the US.

During the third quarter, Cohen opened up a new stake in Cenovus by buying more than 8.4 million shares.

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