12 Most Reliable Dividend Stocks To Buy According to Hedge Funds

4. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 86

Exxon Mobil Corporation (NYSE:XOM) is an American oil and gas company engaged in the exploration, production, refining, and distribution of petroleum products. The company has a presence in all three key segments of the broader energy industry. While oil and natural gas prices remain the primary factors influencing its financial performance, its involvement in the midstream and downstream sectors helps stabilize earnings by offsetting the fluctuations in prices. The stock is up by over 6.5% in the past 12 months.

Exxon Mobil Corporation (NYSE:XOM) reported $90.02 billion in revenue for Q3 2024, surpassing analysts’ expectations by $1.66 billion. The company continues to lead in carbon capture and storage, having secured a new agreement that raises its annual CO2 offtake commitments to 6.7 million metric tons, outpacing all competitors in the field. The company also showed strong financial results, generating $17.6 billion in operating cash flow and $11.3 billion in free cash flow for the quarter. Furthermore, it returned $9.8 billion to shareholders through dividends and stock repurchases.

Exxon Mobil Corporation (NYSE:XOM), one of the best dividend stocks, has been increasing its dividends for 42 years running. It currently offers a per-share dividend of $0.99 every quarter and has a dividend yield of 3.72%, as of January 12.

As of the end of Q3 2024, 86 hedge funds in Insider Monkey’s database owned stakes in Exxon Mobil Corporation (NYSE:XOM), down from 92 in the previous quarter. These stakes are valued at nearly $7 billion in total. First Eagle Investment Management was one of the company’s leading stakeholders.