Top 5 Stock Picks of Charles Clough’s Clough Capital Partners

4. Exxon Mobil Corporation (NYSE:XOM)

Clough Capital Partners Stake: $33,614,000 

Percentage of Clough Capital Partners’ Portfolio: 4.17%

Number of Hedge Fund Holders: 72

Exxon Mobil Corporation (NYSE:XOM) is an oil and gas firm involved in the exploration and refining of oil across the world. Clough Capital Partners’ stake in Exxon Mobil Corporation (NYSE:XOM) stood at over $33 million at the end of Q2 2022. The fund continued to invest in the company as it increased the total stake by 12% during the previous quarter.

At the end of the second quarter, GQG Partners was the biggest stakeholder of Exxon Mobil Corporation (NYSE:XOM), with an investment value of approximately $4 billion in the company’s stock. As per Insider’s Monkey database, 72 hedge funds owned stakes in Exxon Mobil Corporation (NYSE:XOM) at the end of Q2 2022.

First Eagle Investments mentioned Exxon Mobil Corporation (NYSE:XOM) in its second quarter 2022 investor letter. Here’s what it said:

Integrated oil and gas giant Exxon Mobil performed well in the second quarter as continued high prices for energy products supported the stock. As the largest refiner in the U.S., the company has benefitted from wide “crack spreads,” or the margin between the cost of crude oil and the petroleum products extracted from it. Exxon continues to invest in refining capacity in the U.S., which industrywide has been in steady decline since 2019. We are pleased that Exxon has been using its strong cash flows to reduce debt and to return cash to shareholders through dividends and stock repurchases.