Here Are This Energy Legend’s Top Stock Picks

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#1 Pioneer Natural Resources (NYSE:PXD)

Shares held (as of September 30): 250,118
Total Value (as of September 30): $30.42 million
Percentage of Portfolio (as of September 30): 26.29%

Like EOG Resources, Pioneer has quality assets that make it a tempting takeover target for reserve-starved super-majors. With a debt to equity ratio of 0.30, Pioneer is modestly leveraged, making it a safer play than other more indebted energy companies. Many smart money funds are long the company. According to our extensive database, 58 funds owned around $4.24 billion worth of PXD shares at the end of the third quarter, slightly higher than a quarter earlier. Besides Astenbeck, which reduced its exposure in Pioneer Natural Resources (NYSE:PXD) by around 1/3, Seth Klarman’s Baupost Group and Andreas Halvorsen’s Viking Global are also long the company too.

Follow Pioneer Natural Resources Co (NYSE:PXD)

Disclosure: none

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