5 Best Money-Making Stocks To Buy Now

2. Pioneer Natural Resources Company (NYSE:PXD)

Number of Hedge Fund Holders: 56

Pioneer Natural Resources Company (NYSE:PXD) has free cash flows of more than $6 billion and has a trailing twelve-month ROE of 26.6%. As of October 19, the stock is trading at a PE multiple of 9x and is up 34% for the year. Pioneer Natural Resources Company (NYSE:PXD) also pays dividends and is among the best money-making stocks to buy now. The stock is offering a forward dividend yield of 8.32% as of October 19.

Wall Street is bullish on Pioneer Natural Resources Company (NYSE:PXD). This September, KeyBanc analyst Tim Rezvan took coverage of Pioneer Natural Resources Company (NYSE:PXD) with an Overweight rating and a $290 price target. On October 18, Piper Sandler analyst Mark Lear raised his price target on Pioneer Natural Resources Company (NYSE:PXD) to $346 from $311 and reiterated an Overweight rating on the shares.

At the end of Q2 2022, Pioneer Natural Resources Company (NYSE:PXD) was a part of 56 hedge fund portfolios. The total stakes of these hedge funds amounted to $696.13 million. As of June 30, Abrams Bison Investments is the top investor in Pioneer Natural Resources Company (NYSE:PXD) and has stakes worth $133.40 million in the company.