10 Low Volatility Stocks to Buy According to Billionaire Ken Fisher

3. Exxon Mobil Corporation (NYSE:XOM)

Beta Value: 0.60

Dividend Yield: 3.43%

Fisher Asset Management’s Q4 Stake: $3.2 billion

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) is an energy company that produces, trades, transports, and sells crude oil, natural gas, petroleum products, petrochemicals, and specialty commodities. The firm is also dealing with low-emission technology.

On February 4, Goldman Sachs analyst Neil Mehta reduced the price target for XOM stock from $123 to $117 while maintaining a neutral rating on the shares. The stock update comes after Exxon Mobil released its fourth-quarter financial results. According to Mehta, the key reason for the decreased price target is the stock’s value assumptions and a weaker earnings projection. Goldman Sachs now predicts that Exxon Mobil will earn $7.49 per share in 2025 and $9.41 in 2026, down from $8.17 and $9.97 before. That being said, Exxon Mobil Corporation (NYSE:XOM) plans to launch several large projects in the upcoming years, with the objective of producing more than $3 billion in earnings by 2026.

In the fourth quarter of 2024, the company set a production record with Heritage ExxonMobil and Pioneer assets in the Permian Basin, with output forecast to rise from 1.5 million oil-equivalent barrels per day at the end of 2024 to 2.3 million barrels per day by 2030.