5 Dividend Stocks to Buy According to Nicholas Bagnall’s Te Ahumairangi Investment Management

4. Exxon Mobil Corporation (NYSE:XOM

Te Ahumairangi Investment Management’s Stake Value: $3,833,000

Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 0.50%

Dividend Yield: 5.48%

Number of Hedge Fund Holders: 68

Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation, headquartered in Texas. The company was created after Exxon and Mobil, descendants of John Rockefeller’s Standard Oil, merged in 1999 to form Exxon Mobil Corporation (NYSE:XOM). It is one of the leading Big Oil companies, dealing in crude oil, oil products, natural gas, petrochemicals, and power generation. Exxon Mobil Corporation (NYSE:XOM) is traded as a S&P 100 Component, and is one of the best dividend stocks to buy according to Bagnall’s Q2 portfolio. 

Te Ahumairangi Investment Management owns 60,764 shares in Exxon Mobil Corporation (NYSE:XOM), valued at $3.83 million. Some of the firm’s largest stakeholders are The Vanguard Group, BlackRock, and the State Street Corporation

Overall, 68 hedge funds were bullish on Exxon Mobil Corporation (NYSE:XOM) at the end of Q2, up from 65 in the first quarter. 

On October 11, Lucas Herrmann, an analyst from Exane BNP Paribas, downgraded Exxon Mobil Corporation (NYSE:XOM) from Neutral to Underperform with a price target of $60.