Following Thursday's trade, Jim Cramer's Charitable Trust will own 300 shares of PXD, increasing its weighting in the portfolio to 2.4% from 2.2%.
PXD @CL.1 YTD mountain Pioneer vs. WTI You might that a stock directly linked to the price of oil would have made a similar move.
The divergence here has created an opening to buy more shares as higher oil prices should lead to bigger dividends and larger share repurchases at the company level.
U.S. oil prices briefly topped $92 on Tuesday.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons:
Jim Cramer's, PXD @CL, WTI, Jim, Carley Garner, Rusty Braziel, Jim Cramer, Spencer Platt
Organizations:
Natural Resources, PXD, Texas, Halliburton, HAL, Coterra Energy, CNBC, New York Stock Exchange, Getty
Locations:
U.S, Russia, China, India