Billionaire Paul Singer’s Recent Activist Targets and 5 Top Stock Picks

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1. Marathon Oil Corporation (NYSE:MRO)

Long-Term Returns since Singer’s Investment: 175%
S&P 500 Gains since Singer’s Investment: 56%

Marathon Oil Corporation (NYSE:MRO) is the second largest holding in Elliott Management’s portfolio, accounting for 12.9% of the portfolio. Marathon Oil Corporation (NYSE:MRO) is an integrated downstream energy company that refines crude oil and other feedstocks at its refineries. It also refines products and ethanol for resale and distributes refined products.

Marathon Oil Corporation (NYSE:MRO) is up by about 26% year to date, benefiting from an uptick in oil and gas prices amid strong demand on solid economic fundamentals. Marathon Oil Corporation (NYSE:MRO) acts as a solid income stream for Singer’s portfolio as it rewards with a 2.24% dividend yield. Elliott Management has held stakes in Marathon Oil Corporation (NYSE:MRO) since 2016 and held stakes worth $1.67 billion as of Q3 2023.

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