5 Best Dividend Aristocrats with Over 4% Yield

2. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 65
Dividend Yield: 5.95%
Number of Years of Consistent Dividend Growth: 38

Exxon Mobil Corporation (NYSE: XOM), another energy company, ranks 2nd on our list of the best dividend aristocrats with over 4% yield. The company had about 22,239 net-operated wells with proved reserves as of December 2020 and is based in Texas to explore and produce crude oil and natural gas in the US and across the globe.

Ryan Todd from Piper Sandler also raised his price target on Exxon Mobil Corporation (NYSE: XOM) to $69 this July. Todd has a Neutral rating on the company’s shares.

In the first quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $0.65, beating estimates by $0.05. The company’s revenue was $59.15 billion, up 5.32% year over year and beating estimates by $2.89 billion. Exxon Mobil Corporation (NYSE: XOM) has also gained 28.95% in the past 6 months and 40.92% year to date.

By the end of the first quarter of 2021, 65 hedge funds out of the 866 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM) worth roughly $2.77 billion. This is compared to hedge 63 funds in the previous quarter with a total stake value of approximately $2.21 billion.