5 Best Dividend Stocks to Buy According to Kahn Brothers

3. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71
Kahn Brothers’ Stake Value: $952,000
Dividend Yield as of February 22: 4.54%

An American natural gas company, Exxon Mobil Corporation (NYSE:XOM) recently announced its Q4 results and posted an 82.6% growth in its quarterly revenue at $85 billion. Given this, Argus remained positive on the company’s performance and upgraded the stock to Buy, with a $92 price target.

In Q4 2021, Exxon Mobil Corporation (NYSE:XOM) experienced a positive hedge fund sentiment, as 71 hedge funds tracked by Insider Monkey were bullish on the company, up from 64 in the previous quarter. The total value of the stakes held by 71 hedge funds stood at roughly $5.4 billion.

Exxon Mobil Corporation (NYSE:XOM) offers a quarterly dividend of $0.88 per share, which yields 4.54%, recorded on February 22. The company has been paying dividends to shareholders for the past 100 years and also maintains a 39-year streak of consistent dividend growth. In Q4 2021, Kahn Brothers held a roughly $1 million worth of stake in Exxon Mobil Corporation (NYSE:XOM), which accounted for 0.13% of the fund’s portfolio.

First Eagle Investment Management mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q2 2021 investor letter. Here is what the investment management firm has to say:

“Leading contributors in the First Eagle Global Fund this quarter included Exxon Mobil Corporation. The continued recovery in oil prices as economies reopen helped fuel another strong performance across the energy complex, including shares of Exxon Mobil. Exxon Mobil recently lost a proxy fight with an activist investor that took three of the company’s 12 board seats. While the press was focused on the investor’s concerns over Exxon Mobil’s long term energy transformation strategy, other factors fundamental to shareholder returns—like capital discipline and balance sheet management—were also at play.”