Louis Navellier’s Top 15 Long-Term Stock Picks

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9. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 66   

Navellier & Associates’ Stake: $5.4 million 

ConocoPhillips (NYSE:COP) is an energy company based in Texas. There are multiple factors, such as strong financial performance, and strategic projects like the Willow Project and Nuna Project, that create a solid foundation for investment. As per the reports of the third quarter of 2024, earnings per share of the company was $1.76. It also raised its quarterly dividend by 34% to $0.78 per share and expanded its share repurchase authorization by up to $20 billion. Moreover, projects like Willow, based on rational energy policy, support the energy transition and US energy security by producing reliable, low-emissions-intensity oil from a petroleum reserve. Another project named Nuna aims to add 29 development wells, on-pad infrastructure, and pipelines that tie back to existing processing facilities.

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