5 Best Beginner Stocks to Invest in Right Now

2. Exxon Mobil Corporation (NYSE: XOM) 

Number of Hedge Fund Holders: 65

Exxon Mobil Corporation (NYSE: XOM) is an American energy company, dealing in oil and gas. The company accounts for 2% of the world’s energy. The company suffered in 2020 due to the market crash and sinking oil prices but is already on the road to stability. In Q1 2021, Exxon Mobil Corporation (NYSE: XOM) reported $57.5 billion in revenues, compared with $55.1 billion during the same period last year. 

According to BofA, the shares of Exxon Mobil Corporation (NYSE: XOM) are expected to rise 45% and the firm listed the stock as a Buy. The XOM stock has soared by 54% year to date and 32.9% in the past year, making it one of the best beginner stocks to invest in right now. Exxon Mobil Corporation (NYSE: XOM) announced a dividend of $0.87 per share earlier in May 2021. 

At the end of Q1 2021, 65 hedge funds tracked in our database hold Exxon Mobil Corporation (NYSE: XOM) positions, worth $2.7 billion. 

Harding Loevner, an investment management firm, published its Q1 2021 investor letter and mentioned Exxon Mobil Corporation (NYSE: XOM) along with other stocks. Here is what the fund said: 

“We felt that our remaining energy holding, ExxonMobil, with its stronger balance sheet, was in a better position to ride out the cyclical slump in oil demand and even perhaps take advantage of it by investing counter-cyclically. While ExxonMobil does plan to increase capital expenditure, we’ve been disappointed in its regrettable failure to address ongoing emission trends, which reflects poorly on management’s foresight. As a result, we sold our ExxonMobil holdings.”