5 Best Widow and Orphan Stocks To Buy

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based integrated oil and gas company. The company has also started major investments in the renewable energy sector, especially carbon capture and storage solutions.

Reuters reported on November 16 that Exxon Mobil Corporation (NYSE:XOM) is planning to invest up to $15 billion in a petrochemical project and carbon capture and storage facilities in Indonesia. 

In the third quarter, Exxon Mobil Corporation (NYSE:XOM)’s stock was owned by 79 hedge funds with investments worth $4.48 billion. In the previous quarter, 71 hedge funds had a stake in the company at a combined value of $3.087 billion. First Eagle Investment Management was Exxon Mobil Corporation (NYSE:XOM)’s most prominent hedge fund investor for the second quarter in a row. The firm owned 13.19 million shares of the company worth $1.55 billion.

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