Do Hedge Funds Love Exxon Mobil Corporation (XOM)?

Is Exxon Mobil Corporation (NYSE:XOM) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from industry insiders. They fail miserably sometimes, but historically their consensus stock picks outperformed the market after adjusting for known risk factors.

Exxon Mobil Corporation (NYSE:XOM) was in 68 hedge funds’ portfolios at the end of December. XOM investors should be aware of an increase in support from the world’s most elite money managers in recent months. There were 61 hedge funds in our database with XOM positions at the end of the previous quarter. At the end of this article we will also compare XOM to other stocks including Amazon.com, Inc. (NASDAQ:AMZN), General Electric Company (NYSE:GE), and Facebook Inc (NASDAQ:FB) to get a better sense of its popularity.

In the 21st century investor’s toolkit there are several gauges stock traders put to use to value their holdings. A duo of the most innovative gauges are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the top picks of the elite hedge fund managers can beat their index-focused peers by a healthy margin (see the details here).