5 Best Cyclical Stocks for Inflation

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 83

Exxon Mobil Corporation (NYSE:XOM) is one of America’s biggest oil and gas companies. As of 2022, the company ranks 6th among the Fortune 500 companies. Exxon Mobil Corporation (NYSE:XOM) has paid and increased its dividends to its investors for the past 39 years, even during the steep decline of oil prices in 2014 and later in 2019. The company has a high dividend yield of about 4%, with an annual payout of $3.52. The latest quarterly dividend payment of $0.88 per share was made on June 10.

On June 7, Evercore ISI analyst Stephen Richardson upgraded Exxon Mobil Corporation (NYSE:XOM)’s shares from In-Line to Outperform and increased the price target from $88 to $120.

One more reason to put Exxon Mobil Corporation (NYSE:XOM) on the list is its plan to expand its carbon capture and storage program. The company has announced four new carbon capture and storage projects in the last two weeks of June alone.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in its fourth-quarter 2021 investor letter. Here is what the firm said:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”

You can also take a look at The 10 Best Stocks to Buy in 2022 According to Billionaire Richard Chilton and The 10 Best Stocks to Buy Now According to Michael Platt’s BlueCrest Capital.

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