5 Best LNG and LNG Shipping Stocks to Buy Now

01. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders as of Q2, 2022: 72

Exxon Mobil Corporation (NYSE:XOM) was founded in 1870 and is headquartered in Irving, Texas. Exxon Mobil Corporation (NYSE:XOM) explores and produces crude oil and natural gas in the United States and internationally.

Exxon Mobil Corporation (NYSE:XOM) has generated returns of over 60% in the last year. The company is undertaking initiatives to optimize its costs and is expected to surpass the profit margin expectations for this year. Exxon Mobil Corporation (NYSE:XOM) has a forward dividend yield of 3.58% as of October 13. The company has sustained its annual dividend growth for 39 years in a row.

Of the 895 hedge funds tracked by Insider Monkey, 72 funds had investments in Exxon Mobil Corporation (NYSE:XOM) in Q2 2022, compared with 83 in the previous quarter. The total value of these investments came in at over $7.4 billion.

Here’s what First Eagle Investments said about Exxon Mobil Corporation (NYSE:XOM) in its Q2 2022 investor letter:

“Integrated oil and gas giant Exxon Mobil performed well in the second quarter as continued high prices for energy products supported the stock. As the largest refiner in the US, the company has benefitted from wide “crack spreads,” or the margin between the cost of crude oil and the petroleum products extracted from it. Exxon continues to invest in refining capacity in the US, which industrywide has been in steady decline since 2019. We are pleased that Exxon has been using its strong cash flows to reduce debt and to return cash to shareholders through dividends and stock repurchases.”

You can also take a look at the 12 Best Bear Market Stocks To Buy Now and 13 Best Video Game Stocks To Buy Now.

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