5 Best Safe Blue Chip Dividend Stocks

3. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 65
Number of Years of Consistent Dividend Growth: 38
Dividend Yield: 5.85%

Exxon Mobil Corporation (NYSE: XOM) is an energy company operating in the exploration and production of crude oil and natural gas in the US and internationally. The company ranks 3rd on our list of the best safe blue chip dividend stocks.

This July, BMO Capital’s Phillip Jungwirth initiated coverage of Exxon Mobil Corporation (NYSE: XOM) shares with a Market Perform rating and a $69 price target, indicating a 21% upside.

In the first quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had $0.65 in EPS, beating consensus estimates by about $0.05. The company’s revenue for the quarter 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 24.31% in the past 6 months and 43.45% 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 worth roughly $2.77 billion. This is compared to 63 hedge funds in the previous quarter with stakes worth about $2.20 billion.