Goldman Sachs Value Stocks: Top 12 Stock Picks

6. Exxon Mobil Corporation (NYSE:XOM)

Goldman Sachs’ Q4 2024 Stake Value: $2,504,575,163

P/E Ratio as of April 11: 12.85

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM), an American multinational oil and gas titan, is one of the best Goldman Sachs value stocks. The investment firm holds 6.5 million shares of XOM worth $2.5 billion as of Q4 2024. On April 4, TD Cowen reiterated a Buy rating on Exxon Mobil Corporation (NYSE:XOM) but trimmed the price target from $128 to $125. While the company’s financial outlook has slightly shifted, analysts at TD Cowen remain confident in Exxon’s performance and share buyback plans, even if commodity prices dip. They still see it as one of the strongest picks in the energy sector.

In 2024, ExxonMobil reported $33.7 billion in earnings, slightly less than last year’s $36 billion. The company generated $55 billion in cash from operations and returned $36 billion to shareholders through dividends and stock buybacks. It also led the industry in shareholder returns over the past 1, 3, and 5 years. Exxon Mobil Corporation (NYSE:XOM) plans to maintain its $20 billion annual share repurchase program through 2026. XOM raised its dividend for the 42nd straight year and ended 2024 with a $23.2 billion cash balance and low debt levels.

Exxon Mobil Corporation (NYSE:XOM) has remodeled its oil and gas portfolio by discarding assets worth $15 billion and focusing on resources like the Permian Basin, Guyana, and LNG. The company’s full-year production came in at 4.3 million BOED, which can potentially reach 5.4 million BOED by 2030. The Pioneer acquisition boosted its Permian position, and innovation is improving recovery rates. XOM also plans to double its LNG capacity through projects in the United States, Papua New Guinea, and Mozambique.

According to Insider Monkey’s fourth quarter database, 104 hedge funds held long positions in Exxon Mobil Corporation (NYSE:XOM), compared to 86 funds in the earlier quarter. Jean-Marie Eveillard’s First Eagle Investment Management was a significant stakeholder of the company, with 8.6 million shares valued at roughly $934 million.