10 Best Spring Stocks To Buy Now

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9. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 66   

ConocoPhillips (NYSE:COP) is a multinational corporation engaged in hydrocarbon exploration and production. On October 31, the company reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78, which reflects stable earnings performance with slight improvements in core operations. The firm achieved a production level of 1.92 million barrels of oil equivalent per day (boepd) during the quarter, marking a 6% increase compared to the same period in the previous year. This growth was primarily driven by enhanced output in the Permian and Eagle Ford basins. Total revenue for the quarter was $13.6 billion, a decrease from $14.9 billion in the third quarter of 2023.

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