5 Cheapest Dividend Aristocrats Right Now

3. Exxon Mobil Corporation (NYSE:XOM)

Forward P/E Ratio as of February 2: 10.18

Exxon Mobil Corporation (NYSE:XOM) is an American multinational energy company that distributes oil and natural gas. On January 31, the company declared a quarterly dividend of $0.91 per share, which fell in line with its previous dividend. The company maintains a 40-year streak of consistent dividend growth. The stock’s dividend yield on February 2 came in at 3.27%.

In January, BofA raised its price target on Exxon Mobil Corporation (NYSE:XOM) to $140 with a Buy rating on the shares, appreciating the company’s solid quarterly earnings. The firm also sees an expansion in the company’s free cash flow.

As of the close of Q3 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 72 in the previous quarter. The collective value of these stakes is $5.5 billion. Rajiv Jain’s GQG Partners was the company’s leading stakeholder in Q3.