Sanctions on Russia Are Affecting These 5 Stocks

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In this article, we discuss 5 stocks affected by sanctions on Russia. If you want to read our detailed analysis of these stocks, go directly to Sanctions on Russia Are Affecting These 10 Stocks.

5. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 43  

Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas firm. Elite hedge funds hold large stakes in the company. Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Adage Capital Management is a leading shareholder in Pioneer Natural Resources Company (NYSE:PXD), with 1.6 million shares worth more than $298 million. 

The invasion of Ukraine by Russia has sent global energy prices to new highs. Companies like Pioneer Natural Resources Company (NYSE:PXD) are benefiting from this mini-boom but have warned that a sustained absence of Russian oil from markets could send prices “significantly” higher in the coming weeks. 

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