5 Best Natural Gas Stocks to Buy Now

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 73

Exxon Mobil Corporation (NYSE:XOM) is an integrated oil and gas company headquartered in Texas. Along with conventional fuel, the company is also taking a keen interest in renewable energy. Reuters reported that Exxon Mobil Corporation (NYSE:XOM) is planning to develop over 6100 acres of lithium-rich land in Arkansas. The company is developing the project in partnership with Tetra Technologies Inc.

On June 13, Piper Sandler maintained an Overweight rating on Exxon Mobil Corporation (NYSE:XOM) with a $127 price target, down from $145.

Exxon Mobil Corporation (NYSE:XOM)’s hedge fund sentiment dropped a little in the first quarter of 2022. The company shares were held by 73 hedge funds at a combined stake value of $4.35 billion. In the previous quarter, 79 hedge funds had a stake worth $7.1 billion.

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