5 Best Stocks for Dividends

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 68

Dividend Yield: 6.28%

Exxon Mobil Corporation (NYSE:XOM) ranks second on the list of 10 best stocks for dividends. The oil and gas company based in Texas has increased its dividend payment in the last 37 years. Exxon Mobil Corporation (NYSE:XOM) currently pays its shareholders an annual dividend of $3.48 per share. 

On August 3, Exxon Mobil Corporation (NYSE:XOM) was given a Hold rating by DZ Bank analyst Werner Eisenmann with a price target of $62.50 per share.

Exxon Mobil Corporation (NYSE:XOM) shares rose 3.37% on September 15 after the Energy Department reported a bigger decline in domestic crude inventories, as oil prices rose due to the damage caused by hurricanes Nicholas and Ida.

The company has a market cap of $239 billion. In the second quarter of 2021, Exxon Mobil Corporation (NYSE:XOM) reported an EPS of $1.10, beating estimates by $0.11. The company’s revenue in the second quarter grew 108% year over year to $67.74 billion and beat revenue estimates by $3.02 billion. The stock has gained 48.8% in the previous year and 32.4%, year to date.

At the end of the second quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $3.69 billion in Exxon Mobil Corporation (NYSE:XOM), up from 65 in the previous quarter worth $2.77 billion.