Jim Cramer and Hedge Funds Agree on These 5 Stocks

4. Marathon Oil Corporation (NYSE:MRO)

Number of Hedge Fund Holders in Q1 2022: 43

Number of Hedge Fund Holders in Q4 2021: 40 

Marathon Oil Corporation (NYSE:MRO) is an independent oil and gas exploration and production firm. On May 18, in response to a question about his thoughts on the company by a viewer during the Lightning Round of his show, Cramer gave the stock a Buy recommendation as part of a larger nod towards oil and gas stocks in light of soaring prices and tight demand. 

On April 21, Truist analyst Neal Dingmann maintained a Buy rating on Marathon Oil Corporation (NYSE:MRO) stock and raised the price target to $41 from $34, noting that oil firms were focusing on efficiencies and costs to take advantage of continued strong commodity prices. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Marathon Oil Corporation (NYSE:MRO), with 4.5 million shares worth more than $113 million.