Top 5 Oil and Gas Stocks to Invest In

3. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 50

ConocoPhillips (NYSE:COP) is a Houston-based oil and gas company and it ranks third on the list of top 10 oil and gas stocks to invest in. ConocoPhillips (NYSE:COP) operates in the transportation, exploration, and production of natural gas, natural gas liquids, bitumen, and crude oil. 

On August 24, investment firm Raymond James maintained a Strong Buy rating on ConocoPhillips (NYSE:COP) with a price target of $80 per share. Shares of ConocoPhillips (NYSE:COP) jumped 5.72% in the past five days.

The company has a market cap of $79 billion. In the second quarter of 2021, ConocoPhillips (NYSE:COP) reported an EPS of $1.27, beating estimates by $0.14. The company’s revenue in the second quarter came in at $10.21 billion. The stock has gained 47%, year to date, and 63.3% in the past twelve months.

ConocoPhillips (NYSE:COP) has a dividend yield of 2.92% and pays its shareholders an annual dividend of $1.72 per share.

At the end of the second quarter of 2021, 50 hedge funds in the database of Insider Monkey held stakes worth $1.15 billion in ConocoPhillips (NYSE:COP), down from 51 in the previous quarter worth $1.20 billion.