5 Best Energy Stocks To Invest In According to Hedge Funds

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Q3 2023 Hedge Fund Shareholders: 67

Pioneer Natural Resources Company (NYSE:PXD) is a small oil and gas explorer headquartered in Irving, Texas. It’s another energy stock that is at the center of the latest trend in the energy industry that has seen large firms expand their presence through acquisition since the firm is on track to being bought by oil giant Exxon Mobil.

As of September 2023 end, 67 out of the 910 hedge funds polled by Insider Monkey were the firm’s shareholders. Pioneer Natural Resources Company (NYSE:PXD)’s largest investor in our database is Israel Englander’s Millennium Management as it holds a $353 million stake.

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