12 Best American Energy Stocks to Buy Right Now

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7. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 70

ConocoPhillips (NYSE:COP) is one of the best American energy stocks to buy right now. On July 11, UBS increased its price target for ConocoPhillips (NYSE:COP) from $111 to $115 while keeping a Buy rating.

UBS noted that even though ConocoPhillips (NYSE:COP) delivered a positive operational update with its Q1 2025 results, the stock performance was hindered because of concerns about the company’s capital return program.

The firm believes that if ConocoPhillips (NYSE:COP) has another strong quarter, it could improve investor confidence. UBS pointed out that “this bandaid now ripped off” regarding capital return concerns.

UBS also expects ConocoPhillips (NYSE:COP) to see an improvement in free cash flow as long-cycle spending starts to decrease in the second half of 2025.

ConocoPhillips (NYSE:COP) is an American energy company that ranks among the world’s largest independent oil and gas exploration and production companies based on production and proved reserves.

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