Is it Worthy to Buy Exxon Mobil (XOM) Shares?

Saturna Capital, an investment management firm, published its “Amana Funds” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. For the fourth quarter of 2021, the Amana Income Fund Investor Shares returned 13.76% and the Institutional Shares returned 13.85%. The Amana Growth Fund sprinted to a strong finish in the fourth quarter, wrapping up an outstanding year by any measure. For the three months ended December 31, 2021, the Amana Growth Fund Investor Shares returned 14.41%, significantly outpacing the 6.91% Morningstar “Large Growth” category return, as well as the 11.03% return of the S&P 500. For the 2021 calendar year, Amana Developing World Fund Investor Shares returned 7.31% versus -2.54% for the MSCI Emerging Markets Index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Saturna Capital Amana Funds, in its Q4 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE:XOM) and discussed its stance on the firm. Exxon Mobil Corporation is an Irving, Texas-based natural gas company with a $350.4 billion market capitalization. XOM delivered a 35.30% return since the beginning of the year, while its 12-month returns are up by 34.03%. The stock closed at $82.79 per share on March 09, 2022.

Here is what Saturna Capital Amana Funds has to say about Exxon Mobil Corporation in its Q4 2021 investor letter: 

“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.”

Photo by Raymond Kotewicz on Unsplash

Our calculations show that Exxon Mobil Corporation (NYSE:XOM) was not able to clinch a spot on our list of the 30 Most Popular Stocks Among Hedge Funds. XOM was in 71 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 64 funds in the previous quarter. Exxon Mobil Corporation (NYSE:XOM) delivered a 32.57% return in the past 3 months.

In March 2022, we published an article that includes XOM  in Why These 5 Stocks Are Trending on Wednesday. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.