5 Cheap Blue Chip Stocks To Buy

4. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 75

P/E ratio as of January 25: 9.28

Exxon Mobil Corporation (NYSE:XOM) is another energy company on our list. It is based in Irving, Texas.

Paul Cheng at Scotiabank upgraded shares of Exxon Mobil Corporation (NYSE:XOM) from Sector Perform to Outperform on January 17.

While Chevron is a cheap energy pick, Exxon Mobil Corporation (NYSE:XOM) is cheaper. The company is currently trading at a P/E ratio of 9.28, while Chevron is trading at 10.28. Scotiabank has also raised its price target on the company as of January 17 from $120 to $135. Relative to its current share price of $113.21, this represents a significant upside.

Exxon Mobil Corporation (NYSE:XOM) was found among the 13F holdings of 75 hedge funds in the third quarter, with a total stake value of $5.5 billion.

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