5 Dividend Aristocrats to Buy for 2022

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 64

Dividend Yield: 5.59%

Number of Years of Consecutive Dividend Growth: 37

Exxon Mobil Corporation (NYSE:XOM), a multinational Texas-based oil and gas corporation, is one of the highest yielding dividend aristocrats to buy for 2022, offering an attractive yield of 5.59%. Exxon Mobil Corporation (NYSE:XOM) announced earnings for the third quarter on October 29, posting an EPS of $1.58, beating estimates by $0.06. Revenue for the period increased 59.71% year-over-year to $73.79 billion, outperforming estimates by $2.09 billion. 

JPMorgan analyst Phil Gresh on December 9 raised the price target on Exxon Mobil Corporation (NYSE:XOM) to $83 from $81 and kept an Overweight rating on the shares. The analyst stated that Exxon Mobil Corporation (NYSE:XOM) is “turning a corner, with newfound discipline and good progress on reducing debt from peak levels.”

Rajiv Jain’s GQG Partners is the leading Exxon Mobil Corporation (NYSE:XOM) stakeholder, holding $26.58 million shares worth $1.56 billion. Overall, 64 hedge funds were bullish on Exxon Mobil Corporation (NYSE:XOM), with total stakes amounting to $4.64 billion. 

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.”

You can also take a look at 10 Dividend Stocks That Have Doubled Their Payouts and Bill Gates Portfolio: Most Recent Investments.

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