10 Stocks on Jim Cramer’s Radar Recently

2. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 86

A caller asked what Cramer thought of ConocoPhillips (NYSE:COP) and he remarked:

“I like it here. I would buy it… It’s inexpensive, yields three and a quarter. It’s one of the best run oils. You never really see this thing down like this… When you see the stock down 10, probably going to go down three or four more points, and then I would buy some. It’s exactly where you want to be and it’s a great call.”

ConocoPhillips (NYSE:COP) produces, transports, and explores for crude oil, bitumen, natural gas, LNG, and natural gas liquids. In June 2024, Cramer was similarly bullish on the company as he said, “If you have to own and oil company, I say you own ConocoPhillips.”

Moreover, on March 26, Morgan Stanley reduced its price target on ConocoPhillips (NYSE:COP) but kept an Overweight rating on the stock. Despite some caution in the oil markets, the energy sector has had a strong start to 2025. It was up 8% this year and beat the S&P by about 10%. The analyst explained that the firm updated its models based on year-end reserves, the latest commodity prices, and 2025 projections. After these changes, gas exploration and production targets went up by 9%, while oil targets dropped by 11%.