Top 5 Oil and Gas Stocks to Invest In

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 68

Topping the list of top 10 oil and gas stocks to invest in is Exxon Mobil Corporation (NYSE:XOM). The Texas-based oil giant was founded in 1870 and has since expanded into a variety of oil and gas areas, including upstream, downstream, and petrochemicals.

DZ Bank analyst Werner Eisenmann gave Exxon Mobil Corporation (NYSE:XOM) a Hold rating on August 3 with a price target of $62.50 per share. On the other hand, JPMorgan analyst Phil Gresh remains bullish on Exxon Mobil Corporation (NYSE:XOM) and kept a Buy rating with a price target of $65 per share on September 15.

The company has a market cap of $233 billion. In the second quarter of 2021, Exxon Mobil Corporation (NYSE:XOM) reported an EPS of $1.10, beating estimates by $0.11. The company’s revenue in the second quarter grew 108% year over year to $67.74 billion and beat revenue estimates by $3.02 billion. The stock has gained 33.8%, year to date, and 45.9% in the past twelve months.

At the end of the second quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $3.69 billion in Exxon Mobil Corporation (NYSE:XOM), up from 65 in the previous quarter worth $2.77 billion.

In the Q2 2021 investor letter of First Eagle Investment Management, the fund mentioned Exxon Mobil Corporation (NYSE:XOM) and discussed its stance on the firm. Here is what the fund said:

“Leading contributors in the First Eagle Global Fund this quarter included Exxon Mobil Corporation. The continued recovery in oil prices as economies reopen helped fuel another strong performance across the energy complex, including shares of Exxon Mobil. Exxon Mobil recently lost a proxy fight with an activist investor that took three of the company’s 12 board seats. While the press was focused on the investor’s concerns over Exxon Mobil’s long-term energy transformation strategy, other factors fundamental to shareholder returns—like capital discipline and balance sheet management—were also at play.”

You can also take a peek at the 10 Healthcare Stocks to Buy According to Mario Gabelli and 10 Best Robinhood Stocks Under $20. 

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