10 Cheap Large Cap Stocks to Buy According to Hedge Funds

3. ConocoPhillips (NYSE:COP)

Market Cap: $120.93 billion

Forward P/E: 13.07

Number of Hedge Fund Holders: 70 

ConocoPhillips (NYSE:COP) is one of the 10 Cheap Large Cap Stocks to Buy According to Hedge Funds. On July 8, Barclays analyst Betty Jiang maintained a Buy rating on ConocoPhillips (NYSE:COP) and set a price target of $120.00.

ConocoPhillips (NYSE:COP) reported $2.8 billion in fiscal Q1 2025 earnings, translating to around $2.23 per share and up when compared to the $2.6 billion reported in the same period last year.

Adjusted earnings for the quarter also experienced growth, increasing from $2.4 billion in fiscal Q1 2024 to $2.7 billion in fiscal Q1 2025.

ConocoPhillips (NYSE:COP) is an exploration and production company that explores, transports, produces, and markets natural gas, crude oil, and bitumen. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East, and North Africa, Asia Pacific, and Other International.