5 Best Retirement Stocks To Buy Now

4. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of June 7: 3.41%

Number Of Hedge Fund Holders: 83

Exxon Mobil Corporation (NYSE:XOM), stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. Having raised its annual dividends consecutively for the past 39 years at an annual average rate of 6%, the oil and gas giant currently pays a quarterly dividend of $0.88 per share, with a dividend yield of 3.41% as of June 7.

Evercore ISI analyst Stephen Richardson upgraded Exxon Mobil Corporation (NYSE:XOM) to Outperform from In Line with a price target of $120, up from $88 on June 7. The analyst sees long-term earnings growth to be driven by upstream upgrading as well as cost reductions, and forecasts Exxon Mobil Corporation (NYSE:XOM) to have an industry-leading ROCE target of 15% and 17% by 2025 and 2027 respectively.

On April 29, Exxon Mobil Corporation (NYSE:XOM) reported that its earnings per share for the fiscal first quarter of 2022 came to $2.07, falling short of EPS estimates by $0.16. On the other hand, the company’s quarterly revenues came in at $90.5 billion, an increase of 53.01% on a year-over-year basis, surpassing revenue estimates by $6.93 billion.

83 hedge funds were long Exxon Mobil Corporation (NYSE:XOM) at the end of the first quarter of 2022, with aggregate stakes worth $8.55 billion. Rajiv Jain’s GQG Partners is the most prominent investor in Exxon Mobil Corporation (NYSE:XOM) with stakes worth approximately $4.27 billion in the company.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in the firm’s fourth-quarter 2021 investor letter. Here is what the firm had to say:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”