5 Best American Oil Stocks To Buy Now

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 75

Exxon Mobil Corporation (NYSE:XOM) is an American oil giant and is one of the best oil stocks to buy according to hedge funds and market analysts. Exxon Mobil Corporation (NYSE:XOM)’s stock has gained about 60% over the past 12 months as Exxon Mobil Corporation (NYSE:XOM) benefited from a surge in oil prices. Exxon Mobil Corporation (NYSE:XOM) has been increasing its dividends consistently for the past several years and analysts expected the company to continue on its streak of dividend increases.

A total of 75 hedge funds tracked by Insider Monkey reported having stakes in Exxon Mobil Corporation (NYSE:XOM) as of the end of the third quarter of 2022. Rajiv Jain’s GQG Partners is the biggest stakeholder of Exxon Mobil Corporation (NYSE:XOM) with a $2.9 billion stake.

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