In this article, we will look at 5 best undervalued stocks to buy now. If you want to explore similar stocks, you can also read 11 Best Undervalued Stocks to Buy Now.
5. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 83
PE Ratio as of June 24: 14.48
Since the beginning of 2022, Exxon Mobil Corporation (NYSE:XOM) has returned investors 36.76%. As of June 24, the stock has a price-to-earnings ratio of 14.48 and a forward dividend yield of 4.13%, factors that make it rank among our top 5 undervalued stock picks.
As of June 21, Credit Suisse analyst Manav Gupta has a $125 price target and buy-side Outperform rating on Exxon Mobil Corporation (NYSE:XOM).
Hedge funds are raising their stakes in Exxon Mobil Corporation (NYSE:XOM) and the hedge fund sentiment around the stock is positive. At the end of Q1 2022, 83 hedge funds held stakes in the company which totaled $8.55 billion. Comparing this to Q4 2021, 71 hedge funds held stakes in the company which amounted to $5.38 billion.
As of March 31, GQG Partners is the most bullish hedge fund investor on Exxon Mobil Corporation (NYSE:XOM). Rajiv Jain’s hedge fund has stakes worth $4.27 billion in the company.
Saturna Capital shared its insights on Exxon Mobil Corporation (NYSE:XOM) in the firm’s Q4 2021 investor letter. Here is what experts at Saturna Capital think:
“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.”
