Billionaires Are Betting On These 5 Energy Stocks

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Billionaire Investors: 16

Dollar Value of Billionaire Holdings: $1.16 billion

Pioneer Natural Resources Company (NYSE:PXD) is an oil and natural gas exploration and production corporation that carries out its operations mainly in the Spraberry Trend, Permian Basin.

On November 2, Pioneer Natural Resources Company (NYSE:PXD) announced a quarterly dividend of $3.20, which included a $1.25 base dividend and a $1.95 variable dividend. The dividend is payable by December 22 to the shareholders of record on November 30.

On December 6, JPMorgan lowered the price target on Pioneer Natural Resources Company (NYSE:PXD)’s stock to $253 from $264 and maintained an Overweight rating.

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