5 Stocks With Over 30 Years of Dividend Hikes

2. Exxon Mobil Corporation (NYSE:XOM

Number of Hedge Fund Holders: 68

Dividend Yield: 5.33%

Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation, headquartered in Texas. The company was created as a result of the merger of Exxon and Mobil, descendants of John Rockefeller’s Standard Oil, in 1999.

Out of the 873 hedge funds tracked by Insider Monkey, 68 funds were long Exxon Mobil Corporation (NYSE:XOM) at the end of Q2, up from 65 in the first quarter. 

BNP Paribas analyst Lucas Hermann downgraded Exxon Mobil Corporation (NYSE:XOM) from Neutral to Underperform with a price target of $60 on October 11.