5 Best Natural Gas Dividend Stocks To Buy

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 56

Dividend Yield as of October 28: 9.89%

Pioneer Natural Resources Company (NYSE:PXD) is headquartered in Irving, Texas, operating as an independent oil and gas exploration and production company in the United States. On October 27, Pioneer Natural Resources Company (NYSE:PXD) declared a $5.71 per share quarterly dividend. The dividend is distributable on December 15, to shareholders of the company as of November 30. Pioneer Natural Resources Company (NYSE:PXD)’s dividend yield on October 28 came in at 9.89%. 

On October 18, Piper Sandler analyst Mark Lear raised the price target on Pioneer Natural Resources Company (NYSE:PXD) to $346 from $311 and kept an Overweight rating on the shares. After a tumultuous September, exploration and production firms are “back on solid footing heading” into the Q3 results with the “OPEC+ supply cuts mostly to thank,” the analyst told investors in a research note.

Among the hedge funds tracked by Insider Monkey, 56 funds reported owning stakes in Pioneer Natural Resources Company (NYSE:PXD) at the end of Q2 2022, compared to 54 funds in the prior quarter. Gavin M. Abrams’ Abrams Bison Investments is one of the leading position holders in the company, with 598,000 shares worth $133.40 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.”