Dividend Stock Portfolio: 5 Stock Picks By Hedge Funds

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 68
Dividend Yield: 5.6%

Exxon Mobil Corporation (NYSE:XOM) is an integrated oil and gas company that explores and produces crude oil and natural gas in America and internationally. The company ranks 2nd on our list of stock picks by hedge funds and also manufactures, trades, transports, and sells crude oil, natural gas, petroleum products, petrochemicals, and other specialty products.

This October, analyst Neal Dingmann from Truist raised his price target on shares of Exxon Mobil Corporation (NYSE:XOM) from $64 to $66. The analyst also reiterated a Hold rating on the stock.

In the second quarter of 2021, Exxon Mobil Corporation (NYSE:XOM) had an EPS of $1.10, beating estimates by $0.11. The company’s revenue was $67.74 billion, up 107.77% year over year and beating estimates by $3.02 billion. Exxon Mobil Corporation (NYSE:XOM) has gained 10.32% in the past 6 months and 48.87% year to date.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE:XOM) worth roughly $3.7 billion. This is compared to 65 hedge funds in the previous quarter with a total stake value of approximately $2.8 billion.