5 Safe Dividend Stocks to Invest In

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 64

Dividend Yield: 5.8%

Neal Dingmann, an analyst from Truist, raised Exxon Mobil Corporation’s (NYSE:XOM) price target from $64 to $66 this October, keeping a Hold rating on the shares. The analyst also increased his estimates for Q4 of 2021 to 2023 for both oil price deck as well as natural gas.

The EPS for Exxon Mobil Corporation (NYSE:XOM) in the third quarter of 2021 was $1.58, $0.06 higher than the estimated EPS of that quarter, $1.52. For the same quarter, the revenue was $73.79 billion, beating the estimated revenue of $2.09 billion. In the past six months, Exxon Mobil Corporation (NYSE:XOM) gained 4.59% and year to date, it has gained 47.59%. 

In Exxon Mobil Corporation (NYSE:XOM), 64 out of 867 hedge funds held stakes worth $6.4 billion in the third quarter of 2021. In the second quarter of 2021, 68 out of 873 hedge funds held stakes in the company.