Top 5 Oil and Gas Stocks to Invest In

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In this article, we discuss the top 5 oil and gas stocks to invest in. If you want to read our detailed analysis of these companies, go directly to the Top 10 Oil and Gas Stocks to Invest In.

5. Marathon Petroleum Corporation (NYSE:MPC)

Number of Hedge Fund Holders: 48

Marathon Petroleum Corporation (NYSE:MPC) is an Ohio-based downstream energy company and it ranks fifth on the list of top 10 oil and gas stocks to invest in. The company produces and sells refined transportation fuel, propylene, and aromatics. Marathon Petroleum Corporation (NYSE:MPC) also operates in the midstream oil and gas segment where it stores and transports refined products and crude oil.

In August, Marathon Petroleum Corporation (NYSE:MPC) joined a venture with Chicago-based crop trader Archer-Daniels-Midland Company (NYSE:ADM) to produce soybean oil. The resulting soybean oil will be supplied solely to Marathon Petroleum Corporation’s (NYSE:MPC) new renewable diesel facility, which is scheduled to open in 2023. Shares of Marathon Petroleum Corporation (NYSE:MPC) jumped 3.08% in the previous month.

On September 16, Piper Sandler analyst Ryan Todd kept an Overweight rating on Marathon Petroleum Corporation (NYSE:MPC) and increased his price target for the stock to $69 from $66. Meanwhile, the oil stock has gained 2.3% on August 10 after Goldman Sachs named Marathon Petroleum Corporation (NYSE:MPC) a top pick among oil refiners, highlighting the company’s distinguished capital returns profile.

The company has a market cap of $37 billion. In the second quarter of 2021, Marathon Petroleum Corporation (NYSE:MPC) reported an EPS of $0.67, beating estimates by $0.29. The company’s revenue in the second quarter was $29.83 billion and beat revenue estimates by $8.59 billion. 

Marathon Petroleum Corporation (NYSE:MPC) has a dividend yield of 3.93% and pays its shareholders an annual dividend of $2.32 per share.

At the end of the second quarter of 2021, 48 hedge funds in the database of Insider Monkey held stakes worth $2.61 billion in Marathon Petroleum Corporation (NYSE:MPC), up from 46 in the previous quarter worth $1.96 billion.

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