5 Stocks from Companies Generating High Cash Flow

4. Exxon Mobil Corporation (NYSE:XOM)

Free Cash Flow Trailing Twelve Months: $46.3 billion

Number of Hedge Fund Holders: 71

Irving, Texas-based Exxon Mobil Corporation (NYSE:XOM) is one of the largest publicly traded international energy and petrochemical companies. It is one of the largest integrated fuels, lubricants, and chemical companies in the world.

Exxon Mobil Corporation (NYSE:XOM) has a long history of dividend payments and has increased its annual dividends for 41 consecutive years. The company declared a cash dividend of $0.95 per share for the fourth quarter, 4% more than the previous dividend amount.

On October 11, Exxon Mobil Corporation (NYSE:XOM) announced a definitive agreement to acquire Pioneer Natural Resources (NYSE:PXD) in an all-stock transaction valued at $59.5 billion. The acquisition is expected to transform the company’s upstream portfolio with significant additions to its Permian footprint.

Exxon Mobil Corporation (NYSE:XOM) and Shell Plc (NYSE:SHEL) are the only two stocks on our list of 12 stocks from companies generating high cash flows that belong to the energy industry. This free cash flow generating fuel stock has been a consistent component of hedge fund portfolios. As of Q2 2023, 71 of the leading hedge funds held its shares worth $3.1 billion.