11 Most Undervalued Long Term Stocks to Buy According to Hedge Funds

7. ConocoPhillips (NYSE:COP)

Forward P/E: ~14.3x

5-year Revenue Growth: ~14.2%

Number of Hedge Fund Holders: 70

ConocoPhillips (NYSE:COP) is one of the Most Undervalued Long Term Stocks to Buy According to Hedge Funds. On July 22, Raymond James lifted the price objective on the company’s stock to $117 from $109, while keeping an “Outperform” rating, as reported by The Fly. While there are macro uncertainties, the oil price has, for the time being, witnessed a recovery. Therefore, the firm sees minimal activity changes from management teams.

Amidst a volatile macro environment, ConocoPhillips (NYSE:COP) remains confident in the competitive advantages offered by the differentiated portfolio, healthy balance sheet, and disciplined capital allocation framework, which prioritizes returns on and of capital to shareholders. ConocoPhillips (NYSE:COP) believes that its fundamental long-term value proposition remains differentiated. It possesses a deep, durable, and diverse portfolio with decades of high-quality, low-cost supply inventory to develop.

Furthermore, the company remains on the cusp of a compelling multi-year FCF growth trajectory, thanks to its high-quality, longer-cycle investments in Alaska and LNG.