In its second-quarter 2026 investor letter, Diamond Hill Capital Large Cap Strategy highlighted ConocoPhillips (NYSE:COP). On July 31, 2026, ConocoPhillips (NYSE:COP) closed at $120.48 per share, reflecting a market capitalization of $146.78 billion. ConocoPhillips (NYSE:COP) posted a one-month return of 14.52%, while its shares gained 27.75% over the past 52 weeks. As per our database, 74 hedge fund portfolios held ConocoPhillips (NYSE:COP) at the end of the first quarter which was 65 in the previous quarter. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.