5 Best Income Stocks To Buy Right Now

2. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield: 5.43%

Number of Hedge Fund Holders: 68

Number of Years of Consistent Dividend Growth: 38

Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation, with its headquarters in Texas. The company was formed when Exxon and Mobil merged, in 1999. It is one of the leading Big Oil companies, specializing in crude oil, oil products, natural gas, petrochemicals, and power generation. Exxon Mobil Corporation (NYSE:XOM) is traded as a S&P 100 Component, and is one of the best income stocks to buy right now.

Exxon Mobil Corporation (NYSE:XOM) is a popular income stock among the hedge funds. Out of the 873 hedge funds tracked by Insider Monkey, 68 funds were long Exxon Mobil Corporation (NYSE:XOM) at the end of Q2, up from 65 in the first quarter. 

Here is what First Eagle Investment Management has to say about Exxon Mobil Corporation (NYSE:XOM) in its Q2 2021 investor letter:

“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.”