5 Best Stocks to Buy Under $50

1. Marathon Oil Corporation (NYSE:MRO)

Stock Price as of May 27: $31.07

Number of Hedge Fund Holders: 43

Marathon Oil Corporation (NYSE:MRO) is a Houston, Texas-based crude oil and natural gas exploration and production (E&P) company.

During Q1 2022, Marathon Oil Corporation (NYSE:MRO) reported an increase in revenue of 49.2% YoY to $1.76 billion, which surpassed the consensus estimate of $1.69 billion. Meanwhile, the non-GAAP EPS of $1.02 was four cents higher than the analysts’ forecast. Marathon Oil Corporation (NYSE:MRO) stock is presently trading at a 4x forecasted free cash flow, which is a cheap multiple for an oil and gas E&P company that has a strong balance sheet, a healthy shareholder return program in place, and a low breakeven cost of $35 per barrel. Crude oil prices can be expected to remain around the current level, which makes Marathon Oil Corporation’s (NYSE:MRO) stock an attractive investment.

Marathon Oil Corporation (NYSE:MRO) was held by 43 hedge funds at the end of Q1 2022, up from 40 in the preceding quarter.

You can also take a peek at the 10 Stocks to Buy According to Canyon Capital Advisors and 10 UK Dividend Stocks To Buy.

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