Republicans are Buying These 5 Oil and Gas Stocks

2. Pioneer Natural Resources Co (NYSE:PXD)

Number of Hedge Fund Investors: 76

Pioneer Natural Resources Co (NYSE:PXD) is another energy stock that remains on the radar of Republican politicians. Congressman Kevin Hern bought shares of Pioneer Natural Resources Co (NYSE:PXD) worth between $1,000 to $15,000 on March 22. Since then through April 24 Pioneer Natural Resources Co (NYSE:PXD) shares have gained about 6%. Republican Congressman Chris Jacobs also bought Pioneer Natural Resources Co (NYSE:PXD) shares on December 12 worth between $1,000 to $15,000.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Pioneer Natural Resources Company (NYSE:PXD) in its fourth quarter 2023 investor letter:

“We often see the ebb and flow of the Energy sector tied to underlying commodity prices. Pioneer Natural Resources Company (NYSE:PXD) is an independent exploration and production company with operations in West Texas. Exxon Mobil formally announced the acquisition of Pioneer in an all-stock deal that is expected to close in the first half of 2024. We trimmed the position, which had a 0% return for the quarter – which outpaced the index sector average decline of -2%.”