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S&P 500   4,554.89
DOW   35,416.98
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5 stocks for the Christmas wishlist: Hoping for a pullback
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable

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

$236.11
-0.29 (-0.12%)
(As of 11/28/2023 ET)
Compare
Today's Range
$236.06
$238.50
50-Day Range
$214.96
$255.31
52-Week Range
$177.26
$257.76
Volume
2.30 million shs
Average Volume
2.36 million shs
Market Capitalization
$55.09 billion
P/E Ratio
11.28
Dividend Yield
2.12%
Price Target
$258.45

Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.32 Rating Score
Upside/​Downside
9.5% 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
1.24mentions of Pioneer Natural Resources in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.24%
From $21.65 to $24.30 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Oils/Energy Sector

101st out of 236 stocks

Crude Petroleum & Natural Gas Industry

41st out of 72 stocks


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

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Pioneer Natural Resources Co's Dividend Analysis
Pioneer Natural Resources (NYSE:PXD) Downgraded to "Sell" at Argus
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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
Today
11/28/2023
Ex-Dividend for 12/22 Dividend
11/29/2023
Dividend Payable
12/22/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
72378710
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
+9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.32
Research Coverage
25 Analysts

Profitability

Net Income
$7.85 billion
Pretax Margin
33.76%

Debt

Sales & Book Value

Annual Sales
$19.47 billion
Cash Flow
$42.39 per share
Book Value
$93.16 per share

Miscellaneous

Free Float
232,026,000
Market Cap
$55.09 billion
Optionable
Optionable
Beta
1.38

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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 brokerages have issued 1 year target prices for Pioneer Natural Resources' shares. Their PXD share price targets range from $236.00 to $332.00. On average, they predict the company's stock price to reach $258.45 in the next year. This suggests a possible upside of 9.5% 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 the year. Since then, PXD stock has increased by 3.4% and is now trading at $236.11.
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) issued its earnings results on Thursday, November, 2nd. The oil and gas development company reported $5.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $0.30. The oil and gas development company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.23 billion. Pioneer Natural Resources had a net margin of 26.52% and a trailing twelve-month return on equity of 23.48%.

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

Pioneer Natural Resources announced 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 annualized dividend and a yield of 5.42%. The ex-dividend date is Wednesday, November 29th. This is an increase 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 2.12%. 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 20.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PXD.

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 many different retail and institutional 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 11/29/2023 by MarketBeat.com Staff

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