5 Oil Stocks That Are Too Cheap To Ignore

3. Marathon Oil Corporation (NYSE:MRO)

Share Price as of October 15, 2022: $26.96

Number of Hedge Fund Holders: 41

Marathon Oil Corporation (NYSE:MRO) is an oil and gas exploration company that engages in the production of crude oil, natural gas, and natural gas liquids. The firm is headquartered in Houston, Texas.

Marathon Oil Corporation (NYSE:MRO) brought in $2.2 billion in revenue in its second quarter, which marked a 31% sequential growth as the firm benefited from the high demand for natural gas and oil in the wake of the Russian invasion of Ukraine. At the same time, its adjusted net income per share of $1.22 was more than double of what it had posted in the year ago quarter.

Marathon Oil Corporation (NYSE:MRO)’s shares are up 60% year to date and the firm pays an 8 cent dividend for a 1.18% yield. Insider Monkey’s June quarter of 2022 survey revealed that 41 out of 895 hedge funds had held a stake in the company.

Marathon Oil Corporation (NYSE:MRO)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 8.6 million shares that are worth $194 million.