5 Undervalued Dividend Aristocrats to Buy in 2022

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71

Dividend Yield as of February 25: 4.52%

Number of Years of Consecutive Dividend Increases: 39

P/E Ratio: 14.44

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based multinational oil and gas corporation which has consistently raised its dividends for 39 years. It is also one of the most undervalued dividend aristocrats that is popular among the smart money.

On February 1, Exxon Mobil Corporation (NYSE:XOM) reported its Q4 earnings, announcing an EPS of $2.05, topping market estimates by $0.11. Revenue for the quarter increased 82.56% year-over-year to roughly $85 billion, surpassing estimates by $6.24 billion. 

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

According to the fourth quarter database of Insider Monkey, 71 funds were long Exxon Mobil Corporation (NYSE:XOM), up from 64 funds in the previous quarter. Rajiv Jain’s GQG Partners is the biggest shareholder of the company, with 32.3 million shares worth about $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.”

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