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Positive News SentimentPositive News

Pioneer Natural Resources Stock Price, News & Analysis (NYSE:PXD)

$230.35
-1.80 (-0.78%)
(As of 12/4/2023 ET)
Compare
Today's Range
$229.02
▼
$232.82
50-Day Range
$214.96
▼
$255.31
52-Week Range
$177.26
▼
$257.76
Volume
2.42 million shs
Average Volume
2.36 million shs
Market Capitalization
$53.74 billion
P/E Ratio
11.00
Dividend Yield
2.17%
Price Target
$258.45
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.32 Rating Score
Upside/​Downside
12.2% Upside
$258.45 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
1.57mentions of Pioneer Natural Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.73%
From $21.53 to $24.27 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Oils/Energy Sector

53rd out of 229 stocks

Crude Petroleum & Natural Gas Industry

28th out of 73 stocks

See Top Rated MarketRank™ Stocks Here

PXD stock logo

About Pioneer Natural Resources Stock (NYSE:PXD)

Pioneer Natural Resources Co. is an American hydrocarbon exploration and production company headquartered in Irving, Texas. As of December 2022, the company is ranked 248th on the Fortune 500 list, up from 428th in 2021. Pioneer Natural Resources Co. is the largest acreage holder in the Spraberry Trend of the Permian Basin. 

Pioneer Natural Resources formed in 1997 following the merger of MESA Inc. and Parker & Parsley Petroleum Company, owned by T. Boone Pickens. This merger set the tone for Pioneer Natural Resources’ growth over the next two decades, as the company made multiple acquisitions, divestitures and discoveries of oil and gas reserves. 

In 2002, Pioneer discovered its first oil discoveries on the Alaska North Slope, followed by the first independent production in 2008. In 2004, Pioneer acquired Evergreen Resources in a $2.1 billion transaction. The company also formed a joint venture with Reliance Industries in 2006, purchasing the assets of the Eagle Ford Group for $1.15 billion. In 2015, that joint venture went to Enterprise Products Partners for $2.15 billion. 

In April 2012, Pioneer Natural Resources purchased Carmeuse Industrial Sands, a silica sand manufacturer, for $297 million, followed by the sale of a 40% interest in approximately 207,000 net acres leased in horizontal Wolfcamp Shale to Sinochem Petroleum USA LLC for $1.7 billion in May 2013. The company sold non-producing assets in the Hugoton Basin to Linn Energy for $340 million in 2014. 

In 2016, Pioneer Natural Resources acquired 28,000 acres in the Midland Basin for $435 million. Then, 2,000 acres sold in Martin County, Texas, for $266 million in March 2017. In April 2021, the company acquired DoublePoint Energy for approximately $6.4 billion. In January 2021, the company continued acquisitions by purchasing Parsley Energy. 

Pioneer Natural Resources is a significant player in hydrocarbon exploration and production. The company holds substantial reserves of natural resources to help it compensate for lean production times. Pioneer Natural Resources is the largest acreage holder of land in the Permian Basin, providing plenty of room for the company to grow. The company has engaged in several significant acquisitions and divestitures over the years, including the acquisition of Evergreen Resources in 2004 and the sale of non-producing assets in the Hugoton Basin to Linn Energy in 2014. Pioneer Natural Resources is well-positioned for continued growth and success in the future.

PXD Stock Price History

PXD Stock News Headlines

December 2, 2023 | marketbeat.com
Mega merger in the works? Humana, Cigna explore big deal (PXD)
Humana and Cigna are exploring a merger, aiming to conclude the deal before year-end, creating a healthcare giant with a potential market value of $137 billion.
December 4, 2023 | benzinga.com
If You Invested $1000 In This Stock 20 Years Ago, You Would Have $8,000 Today
December 4, 2023 | DTI Trader (Ad)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
November 29, 2023 | finance.yahoo.com
UPDATE 2-Exxon CEO Darren Woods likely to attend COP28 – sources
November 29, 2023 | americanbankingnews.com
Pioneer Natural Resources (NYSE:PXD) Now Covered by Analysts at StockNews.com
November 28, 2023 | finance.yahoo.com
Pioneer Natural Resources Co's Dividend Analysis
November 25, 2023 | americanbankingnews.com
Pioneer Natural Resources (NYSE:PXD) Downgraded to "Sell" at Argus
November 17, 2023 | seekingalpha.com
Exxon Has Huge Production Upside For 2024
December 4, 2023 | DTI Trader (Ad)
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
November 16, 2023 | finance.yahoo.com
Bet on Pioneer Natural Resources Stock Rebound
November 15, 2023 | msn.com
Mizuho Downgrades Pioneer Natural Resources (PXD)
November 6, 2023 | msn.com
Susquehanna Downgrades Pioneer Natural Resources (PXD)
November 6, 2023 | fool.com
Why ExxonMobil Is So Excited About Its Nearly $70 Billion Acquisition Spree
November 4, 2023 | msn.com
Pioneer (PXD) Beats Q3 Earnings Estimates, Hikes Dividend
November 3, 2023 | finance.yahoo.com
The Pioneer Natural Resources Co (PXD) Company: A Short SWOT Analysis
November 3, 2023 | msn.com
Here's What Key Metrics Tell Us About Pioneer Natural Resources (PXD) Q3 Earnings
November 3, 2023 | msn.com
Pioneer Natural Resources declares $3.20 dividend
November 2, 2023 | markets.businessinsider.com
Pioneer Natural Resources Co. Profit Declines In Q3
November 2, 2023 | msn.com
Pioneer Natural Resources' profit falls, but tops analysts estimates
November 2, 2023 | finance.yahoo.com
Pioneer Natural Resources beats earnings estimates in deal epilogue
November 2, 2023 | finance.yahoo.com
Pioneer Natural Resources Reports Third Quarter 2023 Financial and Operating Results
November 2, 2023 | finance.yahoo.com
UPDATE 2-Pioneer Natural Resources beats earnings estimates in deal epilogue
November 2, 2023 | finance.yahoo.com
Pioneer Natural Resources Co (PXD) Reports Q3 2023 Earnings: Net Income of $1.3 Billion
November 1, 2023 | finance.yahoo.com
ExxonMobil and Chevron Are Betting Big on Fossil Fuels. Should You?
November 1, 2023 | finance.yahoo.com
Senate Democrats, Schumer Alert FTC On Exxon Mobil, Chevron Merger Risks
October 31, 2023 | finance.yahoo.com
Exxon Seeks Drilling Efficiencies, Lower Costs on Pioneer’s Midland Acreage
October 28, 2023 | finance.yahoo.com
Q3 2023 Exxon Mobil Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 9/21 Dividend
9/05/2023
Dividend Payable
9/21/2023
Last Earnings
11/02/2023
Ex-Dividend for 12/22 Dividend
11/29/2023
Today
12/04/2023
Dividend Payable
12/22/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Sector
Oils/Energy
Current Symbol
NYSE:PXD
CUSIP
72378710
CIK
1038357
Web
www.pxd.com
Phone
(972) 444-9001
Fax
972-402-7023
Employees
2,076
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$258.45
High Stock Price Target
$332.00
Low Stock Price Target
$236.00
Potential Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.32
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$20.94
Trailing P/E Ratio
11.02
Forward P/E Ratio
10.72
P/E Growth
N/A
Net Income
$7.85 billion
Net Margins
26.52%
Pretax Margin
33.76%
Return on Equity
23.48%
Return on Assets
14.56%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
0.85
Quick Ratio
0.70

Sales & Book Value

Annual Sales
$24.29 billion
Price / Sales
2.22
Cash Flow
$42.42 per share
Price / Cash Flow
5.44
Book Value
$93.16 per share
Price / Book
2.48

Miscellaneous

Outstanding Shares
233,310,000
Free Float
232,026,000
Market Cap
$53.84 billion
Optionable
Optionable
Beta
1.31

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PXD Stock Analysis - Frequently Asked Questions

Should I buy or sell Pioneer Natural Resources stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pioneer Natural Resources in the last year. There are currently 2 sell ratings, 13 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PXD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PXD, but not buy additional shares or sell existing shares.
View PXD analyst ratings or view top-rated stocks.

What is Pioneer Natural Resources' stock price target for 2024?

25 brokers have issued 12 month target prices for Pioneer Natural Resources' shares. Their PXD share price targets range from $236.00 to $332.00. On average, they anticipate the company's share price to reach $258.45 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for PXD or view top-rated stocks among Wall Street analysts.

How have PXD shares performed in 2023?

Pioneer Natural Resources' stock was trading at $228.39 at the beginning of 2023. Since then, PXD shares have increased by 0.9% and is now trading at $230.35.
View the best growth stocks for 2023 here.

When is Pioneer Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our PXD earnings forecast.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) released its earnings results on Thursday, November, 2nd. The oil and gas development company reported $5.83 EPS for the quarter, beating the consensus estimate of $5.53 by $0.30. The oil and gas development company earned $5 billion during the quarter, compared to the consensus estimate of $5.23 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 23.48% and a net margin of 26.52%.

How often does Pioneer Natural Resources pay dividends? What is the dividend yield for Pioneer Natural Resources?

Pioneer Natural Resources declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Thursday, November 30th will be paid a dividend of $3.20 per share on Friday, December 22nd. This represents a $12.80 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from the stock's previous quarterly dividend of $1.84.
Read our dividend analysis for PXD.

Is Pioneer Natural Resources a good dividend stock?

Pioneer Natural Resources (NYSE:PXD) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.15%. The dividend payout ratio is 23.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 20.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PXD.

What ETFs hold Pioneer Natural Resources' stock?

ETFs with the largest weight of Pioneer Natural Resources (NYSE:PXD) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Pacer US Cash Cows Growth ETF (BUL), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), First Trust Nasdaq Oil & Gas ETF (FTXN), Energy Select Sector SPDR Fund (XLE) and Horizon Kinetics Energy and Remediation ETF (NVIR).

What is Scott Sheffield's approval rating as Pioneer Natural Resources' CEO?

41 employees have rated Pioneer Natural Resources Chief Executive Officer Scott Sheffield on Glassdoor.com. Scott Sheffield has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Pioneer Natural Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pioneer Natural Resources investors own include NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), Micron Technology (MU), Boeing (BA), Bank of America (BAC), Home Depot (HD), Walt Disney (DIS) and Netflix (NFLX).

Who are Pioneer Natural Resources' major shareholders?

Pioneer Natural Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (3.13%), Primecap Management Co. CA (2.08%), Clearbridge Investments LLC (1.40%), Bank of New York Mellon Corp (1.39%), Northern Trust Corp (1.07%) and Boston Partners (0.91%). Insiders that own company stock include Chris J Cheatwood, Edison C Buchanan, Frank A Risch, J Kenneth Thompson, Jerome D Hall Jr, Larry R Grillot, Margaret Montemayor, Mark H Kleinman, Mark Stephen Berg, Matthew Gallagher, Neal H Shah, Richard P Dealy, Scott D Sheffield and Tyson L Taylor.
View institutional ownership trends.

How do I buy shares of Pioneer Natural Resources?

Shares of PXD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Pioneer Natural Resources have any subsidiaries?
The following companies are subsidiares of Pioneer Natural Resources: DMLP CO., Industrial Sands Holding Company, LF Holding Company LDC, Mesa Environmental Ventures Co., PNR Acquisitions LLC, Parker & Parsley Argentina Inc., Parsley Energy, Petroleum South Cape (Pty) Ltd., Pioneer Hutt Wind Energy LLC, Pioneer International Resources Company, Pioneer Natural Gas Company, Pioneer Natural Resources (Tierra del Fuego) S.R.L., Pioneer Natural Resources Foundation, Pioneer Natural Resources Pumping Services LLC, Pioneer Natural Resources South Africa (Pty) Limited, Pioneer Natural Resources USA Inc., Pioneer Natural Resources Well Services LLC, Pioneer Resources Gabon Limited, Pioneer Sands LLC, Pioneer Uravan Inc., Pioneer Water Management LLC, and TDF Holding Company LDC.
Read More
This page (NYSE:PXD) was last updated on 12/4/2023 by MarketBeat.com Staff

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