5 Energy Stocks to Buy Now According to Till Bechtolsheimer’s Arosa Capital

1. ConocoPhillips (NYSE:COP)

Stake Value of Arosa Capital Management: $14,436,000

Percentage of Arosa Capital Management’s 13F Portfolio: 3.56%

Number of Hedge Fund Holders: 56

This February, ConocoPhillips (NYSE:COP) announced its earnings for the fiscal fourth quarter of 2021, in which the company beat on both EPS and revenue. The company’s revenue grew by 163.89% year over year from $6.05 billion in the fiscal fourth quarter of 2020, to $15.96 billion in the fiscal fourth quarter of 2021. The company beat revenue estimates by $2.56 billion. ConocoPhillips (NYSE:COP) reported earnings per share of $2.27, beating EPS estimates by $0.08. The stock has a forward dividend yield of 2.02%.

On February 11, 2022, Mizuho analyst Vincent Lovaglio raised his price target on ConocoPhillips (NYSE:COP) to $115 from $98 and maintained a Buy rating on the shares.

Arosa Capital’s stake in ConocoPhillips (NYSE:COP) at the end of the fourth quarter of 2021 was valued at $14.43 million, which made up for 3.56% of the fund’s investment portfolio. Other than Arosa Capital Management, there were 55 hedge funds that held stakes in the company by the end of the fourth quarter of 2021. The total stake value of these 56 hedge funds in ConocoPhillips (NYSE:COP) was in excess of $1.55 billion. This is compared to 49 positions in the third quarter of 2021, with a total stake of $1.37 billion.

ClearBridge Investments mentioned ConocoPhillips (NYSE:COP) in its third-quarter 2021 investor letter. Here’s what the firm had to say:

“We also seized the opportunity to add to our position in energy producer ConocoPhillips at what we considered an attractive valuation. The market rewarded this move late in the quarter after ConocoPhillips announced its purchase of Permian Basin assets from Shell, making the company the second-largest oil and gas producer in the contiguous U.S. We view this as a positive strategic transaction for a well-run, ESG-cognizant oil producer. With this and prior transactions, the company continues to press its cost advantage and is well-positioned to benefit from ongoing energy demand recovery to pre-pandemic levels.”

You can also take a look at 10 Best Dividend Stocks for Long Term and 10 Best Oil Stocks to Buy Amid Post-COVID Demand Boom and Price Volatility.

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