5 Best Dividend Stocks Hedge Funds are Buying

3. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 68
Dividend Yield: 6.2%

Exxon Mobil Corporation (NYSE: XOM), a US-based multinational oil and gas corporation, ranks 3rd on our list of the best dividend stocks hedge funds are buying. The company is often stylized as ExxonMobil, and is based in Texas.

Phillip Jungwirth, an analyst at BMO Capital, holds a Market Perform rating on shares of Exxon Mobil Corporation (NYSE: XOM) as of this July. The analyst also set a $69 price target on the shares.

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 3.86% in the past 6 months and 31.06% year to date.

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.