5 Best-Performing S&P 500 Stocks in 2022

In this article, we will look at the 5 best-performing S&P 500 Stocks in 2022. If you want to explore similar stocks, you can also look at 10 Best-Performing S&P 500 Stocks in 2022.

5. Marathon Oil Corporation (NYSE:MRO)

Year to Date Return as of September 15: 58.86%

Number of Hedge Fund Holders: 41

Marathon Oil Corporation (NYSE:MRO) is on the rise in 2022 and is trading at a bargain right now. As of September 15, the stock has a trailing twelve-month PE ratio of 6.35 and has gained 58.86% year to date. Moreover, Marathon Oil Corporation (NYSE:MRO) has free cash flows of $3.45 billion and the stock is offering a forward dividend yield of 1.17%, as of September 15.

Wall Street analysts see upside to Marathon Oil Corporation (NYSE:MRO). On July 22, Piper Sandler analyst Mark Lear raised his price target on Marathon Oil Corporation (NYSE:MRO) to $41 from $38 and maintained an Overweight rating on the shares. On August 18, Mizuho analyst Vincent Lovaglio revised his price target on Marathon Oil Corporation (NYSE:MRO) to $32 from $34 and reiterated a Buy rating on the shares.

At the end of Q2 2022, 41 hedge funds were bullish on Marathon Oil Corporation (NYSE:MRO). These funds held collective stakes of $1.26 billion in the company.

As of June 30, Fisher Asset Management owns more than 8 million shares of Marathon Oil Corporation (NYSE:MRO) and is the most prominent investor in the company. The investment covers 0.13% of Ken Fisher’s 13F portfolio.

Here is what Carillon Tower Advisers had to say about Marathon Oil Corporation (NYSE:MRO) in its “Carillon Clarivest Capital Appreciation Fund” first-quarter 2022 investor letter:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Marathon Oil (NYSE:MRO) increased its quarterly dividend and executed an impressive share buyback that blew by the target it originally announced.”