S&P 500 Dividend Aristocrats List: Top 10 Picks by Hedge Funds

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6. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 73

Exxon Mobil Corporation (NYSE:XOM) has a 100-year run of paying regular dividends to shareholders. Moreover, the American natural gas company has raised its payouts for 40 years in a row. The company’s quarterly dividend stands at $0.91 per share for a dividend yield of 3.47%, as of May 29.

In May, Piper Sandler raised its price target on Exxon Mobil Corporation (NYSE:XOM) to $145 and maintained an Overweight rating on the shares. The firm presented a neutral stance on the energy sector following the earnings season.

Of the 943 hedge funds in Insider Monkey’s database, 73 funds owned stakes in Exxon Mobil Corporation (NYSE:XOM) in Q1 2023. The consolidated value of these stakes is over $4.3 billion.

Follow Exxon Mobil Corp (NYSE:XOM)

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