5 Best Natural Resources Stocks to Buy

3. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Investors In Q1 2023: 72

ConocoPhillips (NYSE:COP) is an oil and gas company with operations all over the world. The firm’s shares have an average price target of $130, a significant upside over the current price of $104.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 72 had held a stake in ConocoPhillips (NYSE:COP). Out of these, Boykin Curry’s Eagle Capital Management is the biggest investor owning 7.9 million shares that are worth $786 million.

Follow Conocophillips (NYSE:COP)