S&P 500 Dividend Aristocrats: Top 5 Among Hedge Funds

3. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79

An American energy company, Exxon Mobil Corporation (NYSE:XOM) is next on our list of top dividend stocks among hedge funds. Argus raised its price target on the stock to $133 with a Buy rating on the shares. The firm noted that the company’s strong earnings for Q4 reflected its increased production.

Exxon Mobil Corporation (NYSE:XOM) offers a quarterly dividend of $0.91 per share, having raised it by 3% in October 2022. The company’s current growth streak stands at 40 years. The stock’s dividend yield on February 24 came in at 3.31%.

The number of hedge funds tracked by Insider Monkey owning stakes in Exxon Mobil Corporation (NYSE:XOM) grew to 79 in Q4 2022, from 75 a quarter earlier. These stakes have a total value of over $7.1 billion. With roughly 33 million shares, GQG Partners was the company’s leading stakeholder in Q4.

Follow Exxon Mobil Corp (NYSE:XOM)