5 Stocks to Profit from Inflation

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 83

Exxon Mobil Corporation (NYSE:XOM) is one of our top energy stock picks to profit from inflation. As of June 23, the stock has a trailing twelve-month PE ratio of 14.12, a forward dividend yield of 4.01%, and has gained 32.54% over the past twelve months. The stock is trading at a bargain right now, maintaining consistency with growing its dividends, and is climbing, which is why we believe it can be a profitable investment option for investors during the current market situation. 

On June 21, Credit Suisse analyst Manav Gupta raised his price target on Exxon Mobil Corporation (NYSE:XOM) to $125 from $115, and upgraded the stock to Outperform from Neutral. 

Insider Monkey found 83 hedge funds long Exxon Mobil Corporation (NYSE:XOM) at the end of Q1 2022. The collective stakes of these funds in the company were valued at $8.55 billion. This is compared to 71 hedge funds in the previous quarter with stakes worth $5.38 billion.

GQG Partners is the largest shareholder in Exxon Mobil Corporation (NYSE:XOM) as of the end of Q1 2022. The fund’s stakes in the company were valued at $4.27 billion.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in its fourth-quarter 2021 investor letter. Here is what the firm said:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”

You can also take a look at 10 Best Recession Stocks To Buy and 10 Stocks to Buy Before Stagflation Begins.

Follow Insider Monkey on Twitter