5 Best Oil Stocks that Pay Dividends

In this article, we will be looking at the 5 best oil stocks that pay dividends. If you want to see our detailed analysis of the oil, and energy sectors, go directly to the 10 Best Oil Stocks that Pay Dividends.

5. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 65
Dividend Yield: 6.09%

Exxon Mobil Corporation (NYSE: XOM), is an energy company with approximately 22,239 net operated wells with proved reserves, as of December 2020. It ranks 5th on our list of the best oil stocks that pay dividends.

Piper Sandler’s Ryan Todd has raised the firm’s price target on Exxon Mobil Corporation (NYSE: XOM) this July from $63 to $69. The firm has also retained a Neutral rating on the stock.

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 also beating estimates by $2.89 billion. Exxon Mobil Corporation (NYSE: XOM) has gained about 21.77% in the past 6 months and 37.61% year to date as well.

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 63 to hedge funds in the previous quarter with stakes worth approximately $2.20 billion.