5 Best Dividend Stocks Paying Over 6%

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 49

Dividend Yield as of December 27: 11.37%

Pioneer Natural Resources Company (NYSE:PXD) is a Texas-based independent oil and gas exploration and production company. The company explores for, develops, and produces oil, natural gas liquids, and gas. Pioneer Natural Resources Company (NYSE:PXD) paid a $5.71 per share quarterly dividend to unitholders on December 15. It is one of the best dividend stocks to consider. 

On October 28, Pioneer Natural Resources Company (NYSE:PXD) announced that it is looking to increase productivity levels in 2023 by reshuffling its drilling portfolio to target wells with possibly greater returns. 

Barclays analyst Jeanine Wai on December 7 maintained an Overweight rating on Pioneer Natural Resources Company (NYSE:PXD) but lowered the firm’s price target on the shares to $277 from $300 following the Q3 results.

According to Insider Monkey’s data, 49 hedge funds were bullish on Pioneer Natural Resources Company (NYSE:PXD) at the end of the third quarter of 2022, compared to 56 funds in the prior quarter. Donald Yacktman’s Yacktman Asset Management is a prominent stakeholder of the company, with 686,869 shares worth $148.7 million. 

Here is what Carillon Scout Mid Cap Fund has to say about Pioneer Natural Resources Company (NYSE:PXD) in its Q1 2022 investor letter:

“Pioneer Natural Resources (NYSE:PXD) performed well in a strong energy sector. Pioneer stood out recently with a pledge to return a large majority of free cash flow to shareowners through dividends and stock buybacks, and ended hedging to give shareowners more earnings and dividend potential should oil and gas prices continue to rise.”