5 Best Dividend Stocks with Over 5% Yield According to Hedge Funds

1. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 68
Dividend Yield: 6.2%

Exxon Mobil Corporation (NYSE: XOM) operates primarily in the use for the exploration and production of crude oil and natural gas. The company also has operations internationally. It ranks 1st on our list of the best dividend stocks with over 5% yield according to hedge funds.

Ryan Todd, an analyst at Piper Sandler, just this July raised his price target on shares of Exxon Mobil Corporation (NYSE: XOM). The analyst’s new target on the shares is $69, compared to the previous target of $63.

In the second quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $1.10, beating estimates by $0.11. The company’s revenue was $67.74 billion, up 107.77% year over year and beating estimates by $3.02 billion. Exxon Mobil Corporation (NYSE: XOM) has gained 6.81% in the past 6 months and 33.88% year to date.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM) worth roughly $3.7 billion. This is compared to 65 hedge funds in the previous quarter with a total stake value of approximately $2.8 billion.

You can also take a look at 15 Best Cities For Singles Over 40 and 10 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros.

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