5 Oil and Gas Stocks to Buy According to Phill Gross’s Adage Capital

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 48

Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas company with operations in the Permian Basin. The Texas-based oil company recently received $3.1 billion in proceeds from the sale of Delaware Basin assets to Continental Resources, Inc. (NYSE:CLR). 

Phillip Gross increased his stake in Pioneer Natural Resources Company (NYSE:PXD) by 24% in Q3 2021, bringing his total holdings to 1.57 million shares worth $262 million.

At the end of the September quarter, 48 hedge funds tracked by Insider Monkey reported owning stakes in Pioneer Natural Resources Company (NYSE:PXD), up from 45 in the previous quarter.