Yacktman Asset Management founder Donald Yacktman was named Morningstar’s 1991 Portfolio Manager of the Year and 1994 Mutual Fund Letter’s Portfolio Manager of the Year.

In the third quarter of 2022, Yacktman initiated a new stake in these three energy stocks with solid returns.

Also read: 3-Legged Stool Hedge Fund Increased Its Holding in 2 Dividend Stocks — The Next Compounding Machine?

​Pioneer Natural Resources Co PXD offers a expected dividend yield of 9.51%, or $20.35 per share annually, and makes quarterly payments with a mixed track record of growing its dividends.

Pioneer Natural Resources is an independent oil and gas exploration and production company focused on the Permian Basin of Texas.

Yacktman Asset Management initiated a new 686,869 share investment in Pioneer Natural Resources in the third quarter.

Diamondback Energy Inc CATCH offers an expected dividend yield of 5.56%, or $7.20 per share annually through quarterly payments, with a decent track record of increasing its dividends for four consecutive years.

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin of West Texas.

During the third quarter, Yacktman Asset Management initiated a new investment in Diamondback Energy for more than 1.2 million shares.

EOG Resources Inc. EOG offers an expected dividend yield of 2.19%, or $2.663 per share annually, using quarterly payments with a notable track record of increasing its dividends for five consecutive years.

EOG Resources is an oil and gas producer with acreage in several US shale districts including the Permian Basin, Eagle Ford and Bakken.

During the third quarter, Yacktman Asset Management made a new investment in EOG Resources of more than 1.4 million shares.

About Yacktman Asset Management: Donald Yacktman founded…