Russia-Ukraine War Will Affect These 5 Stocks in the Future

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 83   

Exxon Mobil Corporation (NYSE:XOM) is an integrated oil and gas firm. Like fertilizers, Russia also exports oil. As one of the largest oil exporting nations in the world, the war has placed an additional pressure on oil prices that were already sky-high due to a surge in post-pandemic demand. The longer the war drags on, the further the prices of oil are likely to climb. Stocks like Exxon are set to benefit tremendously from this macro environment. 

On June 20, HSBC analyst Gordon Gray maintained a Hold rating on Exxon Mobil Corporation (NYSE: XOM) stock and raised the price target to $97.50 from $92.50, noting that the correction in the oil sector in the past month had left valuations looking attractive. 

At the end of the first quarter of 2022, 83 hedge funds in the database of Insider Monkey held stakes worth $8.5 billion in Exxon Mobil Corporation (NYSE:XOM), compared to 71 in the preceding quarter worth $5.3 billion. 

In its Q4 2021 investor letter, Saturna Capital highlighted a few stocks and Exxon Mobil Corporation (NYSE:XOM) was one of them. Here is what the fund said:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon Mobil Corporation (NYSE:XOM), which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”