5 Best Oil Stocks to Buy for 2024

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This article presents an overview of the 5 Best Oil Stocks to Buy for 2024. For a detailed overview of such stocks, read our article, 12 Best Oil Stocks to Buy for 2024.

5. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Investors: 62

Texas-based energy hydrocarbon exploration company ConocoPhillips (NYSE:COP) is one of the best oil stocks to buy for 2024 according to hedge fund investors.

BMO Capital recently talked about 25 stocks that lagged in January but are expected to outperform for the rest of 2024. ConocoPhillips (NYSE:COP) was a part of this list of stocks.

Out of the 910 funds in Insider Monkey’s database, 62 hedge funds reported owning stakes in ConocoPhillips (NYSE:COP). The biggest stakeholder of ConocoPhillips (NYSE:COP) was Natixis Global Asset Management’s Harris Associates which owns a $1.5 billion stake in ConocoPhillips (NYSE:COP).

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