5 Undervalued Dividend Stocks to Buy in 2022

1. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of April 1: 4.20%

P/E Ratio as of April 1: 15.58

Number of Hedge Fund Holders: 71

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based producer of crude oil, petroleum, petrochemicals, and natural gas in the United States and international markets. Exxon Mobil Corporation (NYSE:XOM) delivers a dividend yield of 4.20% as of April 1. 

Elite hedge funds are exceedingly bullish on Exxon Mobil Corporation (NYSE:XOM). In Q4 2021, 71 hedge funds were bullish on the company, compared to 64 funds in the prior quarter. GQG Partners is the biggest shareholder of the company, with 32.3 million shares worth approximately $2 billion. 

On January 26, Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend of $0.88 per share. The dividend was distributed on March 10, for shareholders of record on February 10. 

Barclays analyst Jeanine Wai on March 9 raised the price target on Exxon Mobil Corporation (NYSE:XOM) to $98 from $91 and kept an Overweight rating on the shares. The analyst updated the company’s model to reflect the current gas price strip, as well as the updated Permian production and capital expenditure assumptions. 

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 Fertilizer Stocks to Buy Today and 10 Stocks to Buy Before the Next Recession. 

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