10 Best Value Dividend Stocks to Buy According to Billionaires

7. ConocoPhillips (NYSE:COP)

Number of Billionaire Holders: 16

Forward P/E Ratio as of April 13: 10.36

ConocoPhillips (NYSE:COP) ranks seventh on our list of the best value stocks according to billionaires. The Texas-based energy company is engaged in hydrocarbon exploration and production. The company’s purchase of Marathon Oil expanded its US onshore presence by adding strategically aligned acreage in the Permian Basin, Eagle Ford, and Bakken formations. This acquisition brought in over 2 billion barrels of resources, with an average supply cost of under $30 per barrel. In addition, the deal included Marathon’s positions in Oklahoma’s Anadarko Basin and assets in Equatorial Guinea.

Now, ConocoPhillips (NYSE:COP) is looking to offload its newly acquired Oklahoma assets, reportedly seeking a sale price exceeding $1 billion. The portfolio up for sale includes around 300,000 net acres, producing roughly 39,000 barrels of oil equivalent per day—about half of which is natural gas. Due to the higher gas content, these assets generate slimmer margins compared to the company’s oil-heavy operations. This divestiture would support ConocoPhillips’ broader objective of shedding $2 billion worth of non-core assets following the Marathon acquisition.

ConocoPhillips (NYSE:COP) has a strong cash position, which makes it a reliable option for income investors. Over the past year, the company produced $20.1 billion in operating cash flow, with total cash from operations amounting to $20.3 billion. Staying focused on rewarding shareholders, it distributed $3.6 billion in dividends. Following a 34% increase announced in October, the quarterly dividend has risen to $0.78 per share. This was the company’s 10th consecutive year of dividend growth. As of April 13, the stock has a dividend yield of 3.61%.