5 Best Undervalued Energy Stocks to Buy According to Analysts

2. Marathon Petroleum Corporation (NYSE:MPC)

Number of Hedge Fund Holders: 52

Average Analyst Price Target as of April 5: $151.31

Average Upside Potential as of April 5: 12.79%

PE Ratio (TTM) as of April 5: 4.74

Marathon Petroleum Corporation (NYSE:MPC) is one of the best undervalued energy stocks to buy now. As of April 5, the stock is trading at a TTM PE ratio of 4.74 and has an average upside potential of 12.79%.

On April 5, Barclays analyst Theresa Chen raised her price target on Marathon Petroleum Corporation (NYSE:MPC) to $139 from $130 and reiterated an Overweight rating on the shares. Over the past 3 months, the stock has received 11 Buy ratings and 2 Hold ratings from Wall Street analysts and has a consensus Strong Buy rating.

At the end of Q4 2022, Marathon Petroleum Corporation (NYSE:MPC) was held by 52 hedge funds that disclosed collective stakes worth $3.04 billion in the company. Of those, Elliott Management was the most prominent shareholder and held a position worth $1.2 billion.