Elite Hedge Funds Love These 5 Energy Stocks

01. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders as of Q2 2022: 72

During the previous quarter, Exxon Mobil Corporation (NYSE:XOM) reached the height of its popularity among hedge funds, with 83 hedge funds holding shares of Exxon Mobil Corporation (NYSE:XOM) as opposed to 72 during the most recent quarter. Rajiv Jain’s GQG Partners is the largest shareholder of Exxon Mobil Corporation (NYSE:XOM), holding 47.497 million of its shares worth roughly $4,069.597 million. The stock has gained 24.80% in the past six months and 54.03% year to date. On July 29, the company posted GAAP actual earnings per share of $4.21 and $115.68 billion in revenue, both above the market consensus. On August 10, Credit Suisse analyst William Janela assumed coverage of Exxon Mobil Corporation (NYSE:XOM) with an Outperform rating and an unchanged price target of $125.

Here is what Saturna Capital Amana Funds has to say about Exxon Mobil Corporation (NYSE:XOM) in its Q4 2021 investor letter:

“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 Undervalued Canadian Stocks to Buy Now and Best Defensive Stocks Under $50. 

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