5 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller’s Duquesne Capital

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 56
Dividend Yield as of September 8: 10.85%

Up next on our list of dividend stocks in billionaire Druckenmiller’s portfolio is Pioneer Natural Resources Company (NYSE:PXD), which is an American company that is engaged in the exploration of hydrocarbon. In August, Barclays reiterated its Overweight rating on the stock with a $309 price target, highlighting the company’s dividend yield and its buyback program.

Duquesne Capital initiated its position in Pioneer Natural Resources Company (NYSE:PXD) during the third quarter of 2012, purchasing shares worth over $26 million. In Q2 2022, the hedge fund owned 48,455 PXD shares, worth over $10.8 million. The company accounted for 0.78% of the fund’s 13F portfolio.

Pioneer Natural Resources Company (NYSE:PXD) has a long history of offering dividends to shareholders. On August 2, the company declared a base-plus-variable cash dividend of $8.57 per share. The stock has a dividend yield of 10.85%, as of September 8. Given the base-plus-variable cash dividend policy, Pioneer Natural Resources Company (NYSE:PXD) dividend could rise if oil prices rise or decline if energy prices fall.

The number of hedge funds tracked by Insider Monkey owning stakes in Pioneer Natural Resources Company (NYSE:PXD) grew to 56 in Q2 2022, from 54 in the previous quarter. These stakes hold a consolidated value of roughly $697 million.