Kenneth A. Moffet is the Managing Principal of Hourglass Capital, a Houston-based investment management firm. The Institutional Equity Team created Hourglass in 1989, and in 2008, it expanded its investment offerings and advisory services. Hourglass Capital employs both top-down and bottom-up approaches to investing. Energy companies are expected to deliver more, according to the fund, because the sector is well-positioned to gain from free cash flow increases. Hourglass Capital delivered a 5.4 percent return in the first quarter of 2022, compared to a 31.25 percent return in the first quarter of 2021.
Insider Monkey discusses the best dividend stocks in Kenneth A. Moffet’s portfolio. Continental Resources, Inc. announced plans to increase oil output in 2022 from 195K to 210K barrels per day. As of the close of business on June 2, the company’s dividend yield was 1.62 percent. During the first quarter of 2020, Hourglass Capital began a position in Walmart Inc. with shares valued at roughly $2.7 million. The hedge fund purchased another 4,000 WMT shares for $737,000, bringing its total interest in the firm to more than $5.57 million. HP Inc. exceeded market expectations with an EPS of $1.08, $0.03 higher than analysts’ expectations. The company’s revenue increased by 3.86 percent year over year to $16.49 billion. During the fourth quarter of 2015, Hourglass Capital began investing in Chevron Corporation. Kenneth A. Moffet’s portfolio included shares in the oil business valued at about $7.2 million, accounting for 2.26 percent of the hedge fund’s holdings. Exxon Mobil Corporation remains popular with hedge funds, according to Insider Monkey’s Q1 2022 database. The total value of 83 hedge funds’ investments was more than $8.55 billion. As of June 2, the firm pays a quarterly dividend of $0.88 per share, resulting in a dividend yield of 3.60 percent. For more details, click 10 Best Dividend Stocks To Buy According To Kenneth A. Moffet’s Hourglass Capital.
