10 Best Manufacturing Stocks To Buy Now

7. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 86

Exxon Mobil Corporation (NYSE:XOM) is a global energy leader that integrates oil and gas production, refining, and chemical operations. Its diversified business model and scale help the company deliver steady performance in a volatile market.

In fiscal year 2024, Exxon Mobil Corporation (NYSE:XOM) reported revenue of approximately $349.5 billion and net income of about $33.6 billion. The company generated robust cash flows, with an operating cash flow of around $55 billion and a free cash flow near $34.4 billion. These figures highlight its operational efficiency and ability to convert earnings into cash, supporting dividends and strategic investments. Exxon Mobil Corporation (NYSE:XOM)’s scale and financial strength provide stability despite fluctuating oil prices and global economic uncertainties.

J.P. Morgan analyst John Royall has maintained an Overweight rating on Exxon Mobil Corporation (NYSE:XOM). In a report released on January 2, 2025, Royall set a price target of $125.00 for the stock.

Notably, 86 hedge funds in Insider Monkey’s Q3 2024 database held shares of Exxon Mobil Corporation (NYSE:XOM), reflecting strong institutional confidence in its prospects.