5 Most Profitable Large Cap Stocks to Buy

2. Exxon Mobil Corporation (NYSE:XOM)

Net Profit TTM: $41.13 billion

Number of Hedge Fund Holders: 79

Irving, Texas-based Exxon Mobil Corporation (NYSE:XOM) is one of the largest publicly traded international energy and petrochemical companies. It is one of the largest integrated fuels, lubricants, and chemical companies in the world.

On October 11, Exxon Mobil Corporation (NYSE:XOM) announced a definitive agreement to acquire Pioneer Natural Resources (NYSE:PXD) in an all-stock transaction valued at $59.5 billion. The acquisition is expected to transform the company’s upstream portfolio with significant additions to its Permian footprint.

Exxon Mobil Corporation (NYSE:XOM) has been a consistent component of hedge fund portfolios. As of Q3 2023, its shares were held by 79 of the 910 hedge funds tracked by Insider Monkey, valued at $4.5 billion. Jean-Marie Eveillard’s First Eagle Investment Management was the largest shareholder on record with ownership of 13.2 million shares valued at $1.6 billion.