Jim Cramer is Talking About These 5 Stocks in September

4. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 56

Cramer named Pioneer Natural Resources Company (NYSE:PXD) in one of his “lightning rounds”. Cramer is bullish on Pioneer Natural Resources Company (NYSE:PXD) because, according to him, the stock is offering the highest dividend yield among the S&P 500 companies, and he likes the company’s management. As of September 9, Pioneer Natural Resources Company (NYSE:PXD) is offering a forward dividend yield of 8.70% and has free cash flows of $6.2 billion.

On August 18, Truist analyst Neal Dingmann adjusted his price target on Pioneer Natural Resources Company (NYSE:PXD) to $240 from $247 and maintained a Hold rating on the shares. Dingmann noted that the company has one of the strongest payouts and supports solid buybacks with a hefty dividend yield.

Pioneer Natural Resources Company (NYSE:PXD) is gaining and is also trading at a discount to its earnings. As of September 9, the stock has returned 55.70% to investors over the past twelve months and is trading at a PE ratio of 9.58.

At the close of Q2 2022, 56 hedge funds were bullish on Pioneer Natural Resources Company (NYSE:PXD). This is compared to 54 positions in Q1 2022. These hedge funds held stakes worth $696 million in the company.

As of June 30, Abrams Bison Investments is the largest investor in Pioneer Natural Resources Company (NYSE:PXD) with stakes worth $133.4 million.