5 Oil Stocks To Buy Amid Ukraine Crisis

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71

Exxon Mobil Corporation (NYSE:XOM) is a multinational oil and gas corporation headquartered in Irving, Texas. Amid rising oil prices, Exxon Mobil Corporation (NYSE:XOM) has fared well, with the stock gaining close to 39% in the last six months. 

Exxon Mobil Corporation (NYSE:XOM) posted on February 1 its Q4 earnings, announcing an above consensus EPS of $2.05. Revenue for the quarter jumped 82.56% from year-over-year to approximately $85 billion, exceeding estimates by $6.24 billion. 

On January 26, Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend of $0.88 per share, to be paid on March 10 for shareholders of record on February 10. Barclays analyst Jeanine Wai raised the price target on Exxon Mobil Corporation (NYSE:XOM) to $91 from $73 and kept an Overweight rating on the shares on February 9. 

Among the hedge funds monitored by Insider Monkey, 71 funds were bullish on Exxon Mobil Corporation (NYSE:XOM), up from 64 funds in the prior quarter. Rajiv Jain’s GQG Partners held the leading stake in the company, with 32.3 million shares worth approximately $2 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 Best Stocks to Buy According to Warren Buffett and 10 Best Robinhood Stocks To Buy Right Now.

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