What a stock story this is…
Assuming you reinvested your dividends, this stock has returned an average of +14.6% a year for the past 40 years.
But as equally impressive as its growth story, is its remarkable history of safety and stability in uncertain markets like what we’re facing today.
For example, while countless companies were forced to slash their dividends during the recent economic downturn, this stock never once skipped a beat.
Today, its shares yield about +290% more than the average one-year CD.
But here’s the thing…
You’d think that a company with such a phenomenal track record has its best days behind it.
But if that’s the case, then why would these these investing legends own nearly $1 billion of this stock RIGHT NOW?
- Warren Buffett, arguably the greatest investor of all time, now owns over 400,000 shares of this company. At today’s prices, he’s got around $25 million invested in this stock.
- Bill Gates — the second-richest man in the world — can’t stop buying this stock. He bought it on at least five separate occasions over the past five years — with his latest purchase of over 850,000 shares happening just months ago. All told, Gates now owns over seven million shares of this stock, valued around $428 million today.
- George Soros — the controversial investor who reportedly made $2 billion in a single day betting against the British pound — can’t seem to get enough of this stock either: He’s bought it every quarter for the past four quarters straight, with his latest purchase being the biggest of the four. He now owns over 50,000 shares valued at around $3.2 million.
- And John Paulson — who runs the third-largest hedge fund in the world — is just starting to load up on this stock: Paulson & Co. recently poured over $500 million into its shares.
Bottom line: The fact that four of today’s most successful businessmen and investors all own Exxon Mobil Corp. (NYSE: XOM) could mean only one thing: despite its historical run, Buffett, Gates, Soros and Paulson must be convinced its shares are STILL headed nowhere but up from here.
If history is any guide, you may want to consider following their lead — over the long haul, these investing giants are rarely wrong.
Daily Trade Alert
P.S. Exxon isn’t the kind of stock that’ll return +100% this year, but it’s the kind of stock you can buy and hold forever.