Stocks On The Rise: 5 Best To Buy Now

4. Pioneer Natural Resources Company (NYSE:PXD)

Year-to-Date Return as of November 4: 36.48%

Number of Hedge Fund Holders: 56

Pioneer Natural Resources Company (NYSE:PXD) is an American oil and gas exploration and production company. The company has a proven track record of delivering strong financial results and shareholder value. Pioneer Natural Resources Company (NYSE:PXD) is trading at an attractive valuation and is presenting an optimal buying opportunity for investors. As of November 4, the stock is trading at a PE multiple of 9x and is offering a forward dividend yield of 9.97%. The stock has gained 36.48% year to date, as of November 4, and is expected to continue this uptrend. Pioneer Natural Resources Company (NYSE:PXD) is ranked among the stocks that are on the rise.

On October 31, Truist analyst Neal Dingmann raised his price target on Pioneer Natural Resources Company (NYSE:PXD) to $261 from $219 and reiterated a Hold rating on the shares. This October, Jefferies analyst Lloyd Byrne took coverage of Pioneer Natural Resources Company (NYSE:PXD) with a Hold rating and a $261 price target.

At the close of Q2 2022, 56 hedge funds held stakes in Pioneer Natural Resources Company (NYSE:PXD). The total value of these stakes amounted to $696 million. As of June 30, Abrams Bison Investments is the top shareholder in Pioneer Natural Resources Company (NYSE:PXD) and has stakes worth $133.4 million in the company.