5 Oil & Gas Stocks to Buy Today According To Rajiv Jain’s GQG Partners

2. Exxon Mobil Corporation (NYSE:XOM)

GQG Partners’ Stake Value: $1.9 billion

Percentage of GQG Partners’ 13F Portfolio: 4.91%

Number of Hedge Fund Holders: 73

Exxon Mobil Corporation (NYSE:XOM) is a crude oil and natural gas explorer and producer that is headquartered in the American state of Texas. It manufacturers, transports, and sells oil and natural gas and has thousands of wells.

As its fiscal Q4 came to an end, Exxon Mobil Corporation (NYSE:XOM) had raked in $84.9 billion in revenue and $2.05 in non-GAAP EPS, beating analyst estimates for both. Barclays raised the company’s price target to $98 from $91 in March 2022, outlining that the new price reflected updated assumptions.

GQG Partners had a whopping $1.9 billion stake in Exxon Mobil Corporation (NYSE:XOM) during the fourth quarter of last year. This came through owning 32 million shares and represented 4.91% of its investment portfolio. An Insider Monkey survey of 924 hedge funds for Q4 2021 revealed that 73 also held a stake in the oil company.

Jean-Marie Eveillard’s First Eagle Investment Management is Exxon Mobil Corporation (NYSE:XOM)’s second largest investor. It has a $1.4 billion stake that comes through 23 million shares.

Saturna Capital mentioned the company in its Q4 2021 investor letter. Here is what the firm said:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”