5 Best Beaten Down Stocks to Buy Now

4. Marathon Petroleum (NYSE:MPC)

No of HFs: 56

Total Value of HF Holdings: $1.07 Billion

MPC lost 23% since 2019. The top hedge fund holder of this stock is Brandon Haley’s Holocene Advisors which had $95 million invested in the stock at the end of September. An insider recently purchased 12,500 shares at around $48 in June 2019. The stock is down 6% since then. MPC is mentioned as one of the 10 Best Dividend Paying Stocks to Buy Under $50. First Eagle Investment Management mentioned a few of their comments on the stock in their Q1 2020 investor letter.

“Pervasive weakness across the energy sector, and in global refining markets and crack spreads specifically, pulled down Marathon Petroleum during the quarter. The stock was further hurt by early-March news that Japanese retailer Seven & i Holdings was scrapping plans to acquire Marathon’s Speedway gas station/convenience stores for $22 billion.”