5 Best Very Cheap Stocks to Buy Right Now

3. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79

Over the past 12 months the shares of oil giant Exxon Mobil Corporation (NYSE:XOM) have gained about 43%. Yet Exxon Mobil Corporation (NYSE:XOM) has an attractive PE ratio and its solid dividend history makes it a tempting buy especially during the current economic volatility. Earlier this month Exxon Mobil Corporation (NYSE:XOM) was upgraded by UBS to Buy from Neutral. The firm also increased its price target for Exxon Mobil Corporation (NYSE:XOM) to $144 from $125. UBS believes Exxon Mobil Corporation (NYSE:XOM) is best positioned to benefit from the current upcycle because of strong balance sheet and a capital-efficient asset base.