5 Best Dividend Growth Stocks to Buy Now

3. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 68
Dividend Yield: 6.3%
Number of Years of Consistent Dividend Increases: 38

Exxon Mobil Corporation (NYSE: XOM) is an energy company that manufactures, trades in, transports, and sells crude oil, natural gas, petroleum products, petrochemicals, and other specialty products. It ranks 3rd on our list of the best dividend growth stocks to buy now.

Phillip Jungwirth at BMO Capital began covering shares of Exxon Mobil Corporation (NYSE: XOM) this July with a Market Perform rating and a $69 price target, indicating a 21% upside.

In the second quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $1.10, beating estimates by $0.11. The company’s revenue was $67.74 billion, up 107.77% year over year and beating estimates by $3.02 billion. Exxon Mobil Corporation (NYSE: XOM) has gained 32.31% year to date and 30.06% in the past year.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM) worth roughly $3.7 billion. This is compared to 65 hedge funds in the previous quarter with a total stake value of approximately $2.8 billion.