5 Best Dividend Stocks to Buy According to Tiger Cub Rob Citrone

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1. Exxon Mobil Corporation (NYSE: XOM)

Citrone’s Stake Value: $2,948,000
Percentage of Rob Citrone’s 13F Portfolio: 0.39%
Number of Hedge Fund Holders: 65
Dividend Yield: 5.43%

Exxon Mobil Corporation (NYSE: XOM) is an oil and gas integrated company that explores for crude oil and natural gas in the US and internationally. The company ranks 1st on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.

On June 15th, the Bank of America commented that Exxon Mobil Corporation (NYSE: XOM) is recovering after years of lagged performance and may raise its dividend before the end of the year. BofA also commented that the company can bring net debt to cap back within its 20% – 25% target range with its 2021 free cash flow yield of approximately 10%. This would allow it to raise its dividend by the fourth quarter. The company also has plans to go ahead with spending around $240 million on Baton Rouge refinery’s modernization, as of June 10th.

The company’s first-quarter results showed that it beat EPS estimates by $0.05 with an EPS of $0.65 that quarter. Revenue estimates were also beaten by $2.89 billion with Exxon Mobil Corporation’s (NYSE: XOM) first-quarter revenue of $59.15 billion. The company’s forward PE ratio is 17.84 and it has gained 47.43% in the past 6 months plus 54.46% year to date.

By the end of the first quarter of 2021, there were 65 hedge funds out of the 886 tracked by Insider Monkey that held stakes in Exxon Mobil Corporation (NYSE: XOM). The total value of these stakes was roughly $2.77 billion. Comparatively, in the previous quarter, there were 63 hedge fund holders whose total stake value came up to roughly $2.21 billion.

You can also take a peek at 10 Best Stocks To Buy and Hold For 5 Years and Top 15 Dividend Stocks With Upside Potential.

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