Jim Simons’ Renaissance Technologies Portfolio: 5 Dividend Stock Picks

1. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of May 19: 3.88%
Number of Hedge Fund Holders: 71
Renaissance Technologies’ Stake Value: $532,273,000

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based natural gas and oil company, also involved in the production and exploration of crude oil and gas. Following its strong Q1 2022 results, Wall Street analysts presented a positive outlook on the company. In May, both Cowen and Credit Suisse lifted their price targets on Exxon Mobil Corporation (NYSE:XOM) to $90 and $102, respectively.

Exxon Mobil Corporation (NYSE:XOM) has been increasing its dividends for the past 39 years at an annual average rate of 6%. In 2021, the company raised its annual dividend by 1% to $0.88 per share. The stock’s dividend yield stood at 3.88%, as of the close of May 19. In Q1 2022, Exxon Mobil Corporation (NYSE:XOM) represented 0.62% of Jim Simons’ portfolio, as its hedge fund increased its position in the company by 3% during the quarter.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q4 2021 investor letter. Here is what the firm has to say:

“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 Billionaire Steve Cohen’s Top 10 Stock Picks and David Einhorn’s Top 10 Stock Picks

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