5 High Beta Dividend Stocks

3. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of January 26: 4.75%

Number of Hedge Fund Holders: 64

Beta Value: 1.07

Exxon Mobil Corporation (NYSE:XOM), a Texas-based multinational oil and gas corporation, has a rich dividend history and offers a yield of 4.75%. Exxon Mobil Corporation (NYSE:XOM) supplies crude oil, oil products, natural gas, and petrochemicals.

On January 26, Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend of $0.88 per share, in line with previous. The dividend is payable on March 10, to shareholders of record on February 10. 

RBC Capital analyst Biraj Borkhataria on January 19 upgraded Exxon Mobil Corporation (NYSE:XOM) to Sector Perform from Underperform with a price target of $90, up from $70.

In the third quarter of 2021, 64 hedge funds reported owning stakes in Exxon Mobil Corporation (NYSE:XOM), worth $4.64 billion. GQG Partners is the largest stakeholder of the company, owning 26.5 million shares valued at $1.56 billion. 

Here is what First Eagle Investment Management has to say about Exxon Mobil Corporation (NYSE:XOM) in its Q2 2021 investor letter:

“Leading contributors in the First Eagle Global Fund this quarter included Exxon Mobil Corporation. The continued recovery in oil prices as economies reopen helped fuel another strong performance across the energy complex, including shares of Exxon Mobil. Exxon Mobil recently lost a proxy fight with an activist investor that took three of the company’s 12 board seats. While the press was focused on the investor’s concerns over Exxon Mobil’s long term energy transformation strategy, other factors fundamental to shareholder returns—like capital discipline and balance sheet management—were also at play.”