5 Best Gas Stocks To Buy Now

4. ConocoPhillips (NYSE:COP) 

Number of Hedge Fund Holders: 50

ConocoPhillips (NYSE:COP) is a multinational American hydrocarbon exploration company, with operations in 17 countries and production units in the United States, Norway, Canada, Australia, Malaysia, Libya, China, and Qatar. ConocoPhillips (NYSE:COP) made the largest oil discovery in 2020, and produces petroleum, natural gas, natural gas liquids, and bitumen.

At the end of the second quarter, 50 hedge funds in Insider Monkey’s database were long ConocoPhillips (NYSE:COP), down from 51 in the previous quarter. Ken Fisher’s Fisher Asset Management is the biggest stakeholder in ConocoPhillips (NYSE:COP). 

Here is what ClearBridge Investments has to say about ConocoPhillips in its Q1 2021 investor letter:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) ConocoPhillips. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”