5 Energy Stocks to Buy Now According to Till Bechtolsheimer’s Arosa Capital

4. Marathon Oil Corporation (NYSE:MRO)

Stake Value of Arosa Capital Management: $9,945,000

Percentage of Arosa Capital Management’s 13F Portfolio: 2.45%

Number of Hedge Fund Holders: 40

On February 23, 2022, Piper Sandler analyst Mark Lear raised his price target on Marathon Oil Corporation (NYSE:MRO) to $27, up from $22. The analyst also upgraded the stock to Overweight from Neutral.

This February, Marathon Oil Corporation (NYSE:MRO) reported earnings for the fiscal fourth quarter of 2021. The company generated a revenue of $1.80 billion, up from $830 million in the fiscal fourth quarter of 2020. This is a 116.87% increase year over year. Marathon Oil Corporation (NYSE:MRO) beat on EPS by $0.21, reporting earnings per share of $0.77 for the quarter.

By the end of the fourth quarter of 2021, 40 hedge funds held stakes in Marathon Oil Corporation (NYSE:MRO) worth $969.1 million. Of these, 40 funds, Arosa Capital’s stake in the company was $9.94 million, which accounted for 2.45% of the fund’s investment portfolio, placing the stock among the top 10 holdings by stake value. This is compared to 40 positions in the third quarter of 2021, with a total stake of $903.22 million.