5 Most Profitable Value Stocks Now

4. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 67

Oil giant ConocoPhillips recently revealed a 10-year plan according to which the company plans to have $115 billion of free cash flow available for distributions and capital spending averaging  about $10 billion annually, resulting in a 4%-5% production compound annual growth rate at an average reinvestment rate of ~50%.

As of the end of the fourth quarter of 2022, 67 hedge funds tracked by Insider Monkey had stakes in the company. The biggest hedge fund stakeholder of the company was Ric Dillon’s Diamond Hill Capital which owns a $651 million stake in the company.