5 Dividend Stocks to Buy According to Billionaire Louis Bacon

1. Exxon Mobil Corporation (NYSE:XOM)

Moore Global Investments Stake Value: $4,500,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.06%
Number of Hedge Fund Holders: 64
Dividend Yield: 5.77%

Moore Global Investments made its first investment in Exxon Mobil Corporation (NYSE:XOM) during the third quarter of 2012, worth $2.29 million. In Q3 2021, the fund owns shares worth over $4.50 million in the company, which represented 0.06% of the hedge fund’s 13F portfolio.

JPMorgan analyst Phil Gresh increased his price objective on Exxon Mobil Corporation (NYSE:XOM) to $83 from $81 on December 9 and maintained an “Overweight” rating on the stock.

At the end of Q3, 64 hedge funds tracked by Insider Monkey reported owning stakes in Exxon Mobil Corporation (NYSE:XOM), down from 68 in the preceding quarter. Rajiv Jain’s hedge fund, GQG Partners, was the company’s largest shareholder in Q3, holding shares worth $1.56 billion.

First Eagle Investment Management, in its second-quarter 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE:XOM). Here is what the firm has to say:

“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 peek at 10 Canadian Dividend Stocks to Buy for 2022 and 10 Healthcare Dividend Stocks with Over 3% Yield

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