Is it a Good Choice to Keep Your Marathon Oil (MRO) Stake?

Carillon Tower Advisers, an investment management firm, published its “Carillon Clarivest Capital Appreciation Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. At the start of the quarter, the Carillon ClariVest Capital Appreciation Fund (the “Fund”), as compared to the Russell 1000® Growth Index, was most overweight in the information technology and healthcare sectors and most underweight in communication services and real estate. At the end of the quarter, the portfolio remained the most overweight in information technology and healthcare and the most underweight in communication services and real estate. Within the universe of the Russell 1000 Growth Index, energy performed the best while communication services and materials lagged.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Clarivest Capital Appreciation Fund mentioned Marathon Oil Corporation (NYSE:MRO) and explained its insights for the company. Founded in 1887, Marathon Oil Corporation (NYSE:MRO) is a Houston, Texas-based natural gas liquids company with a $16.1 billion market capitalization. Marathon Oil Corporation (NYSE:MRO) delivered a 38.79% return since the beginning of the year, while its 12-month returns are up by 67.33%. The stock closed at $22.79 per share on June 29, 2022.

Here is what Carillon Clarivest Capital Appreciation Fund has to say about Marathon Oil Corporation (NYSE:MRO) in its Q1 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.”

Natural Gas


Our calculations show that Marathon Oil Corporation (NYSE:MRO) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Marathon Oil Corporation (NYSE:MRO) was in 43 hedge fund portfolios at the end of the first quarter of 2022, compared to 40 funds in the previous quarter. Marathon Oil Corporation (NYSE:MRO) delivered a -10.63% return in the past 3 months.

In June 2022, we published an article that includes Marathon Oil Corporation (NYSE:MRO) in 11 Best Undervalued Stocks to Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.