5 Oil Stocks with Biggest Upside

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1. Pioneer Natural Resources Company (NYSE:PXD)

Number of Q4 2023 Hedge Fund Shareholders: 76

Share Price Performance Since March 2022: -7.24%

Pioneer Natural Resources Company (NYSE:PXD) marks a nice end to our list of the stocks with the highest upside due to its impending acquisition by Exxon Mobil. Should Chevron’s merger fail and Exxon’s succeed, then the latter will enjoy a significant advantage. As for the share price, it has seen several catalysts since 2022, including a record variable dividend in August 2022, and multiple surges due to the Exxon affair.

76 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 research were Pioneer Natural Resources Company (NYSE:PXD)’s shareholders. Mathew Halbower’s Pentwater Capital Management owned the biggest stake which was worth $1.3 billion.

Follow Pioneer Natural Resources Co (NYSE:PXD)

Disclosure: None. You can also take a look at 15 Countries With Economic Growth or Debt Problems in 2024 and 11 Best Brewery and Distillery Stocks to Buy Now.

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