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 twelve months. 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 Wall Street analysts 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 expect the company's stock price to reach $258.45 in the next year. This suggests a possible upside of 16.4% 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 shares have decreased by 2.8% and is now trading at $222.04. 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 quarterly earnings results on Thursday, November, 2nd. The oil and gas development company reported $5.83 EPS for the quarter, topping analysts' consensus estimates of $5.53 by $0.30. The oil and gas development company had revenue of $5 billion for the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Thursday, November 2nd. Shareholders 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 dividend yield of 5.76%. 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 many different institutional and retail investors. Top institutional shareholders 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

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

$222.04

-3.74 (-1.66%)

(As of 12/6/2023 ET)

Compare

Today's Range: $221.23
▼
$226.46
50-Day Range: $214.96
▼
$255.31
52-Week Range: $177.26
▼
$257.76

Volume: 3.84 million shs
Average Volume: 2.36 million shs
Market Capitalization: $51.80 billion

P/E Ratio: 10.60
Dividend Yield: 2.25%
Price Target: $258.45

Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating: Hold
2.32 Rating Score
Upside/Downside: 16.4% 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: 0.86
Based on 23 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.

2.63 out of 5 stars

Oils/Energy Sector

49th out of 204 stocks

Crude Petroleum & Natural Gas Industry

27th out of 61 stocks

3.2

Analyst's Opinion

Consensus Rating
Pioneer Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.32, and is based on 10 buy ratings, 13 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $258.45, Pioneer Natural Resources has a forecasted upside of 16.4% from its current price of $222.04.
Amount of Analyst Coverage
Pioneer Natural Resources has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.30% of the float of Pioneer Natural Resources has been sold short.
Short Interest Ratio / Days to Cover
Pioneer Natural Resources has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pioneer Natural Resources has recently decreased by 11.44%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Pioneer Natural Resources pays a meaningful dividend of 2.15%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Pioneer Natural Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Pioneer Natural Resources is 23.88%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Pioneer Natural Resources will have a dividend payout ratio of 20.60% next year. This indicates that Pioneer Natural Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Pioneer Natural Resources has received a -123.33% net impact score from Upright. The largest negative impact of Pioneer Natural Resources in category "GHG emissions" seems to be driven mostly by its "Crude natural gas", "Crude oil", and "Hydrocarbon gas liquids" products. See details.
Environmental Sustainability
The Environmental Impact score for Pioneer Natural Resources is -7.14.

2.7

News and Social Media Coverage

News Sentiment
Pioneer Natural Resources has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Pioneer Natural Resources this week, compared to 10 articles on an average week.
Search Interest
Only 32 people have searched for PXD on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
Only 25 people have added Pioneer Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pioneer Natural Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.55% of the stock of Pioneer Natural Resources is held by insiders.
Percentage Held by Institutions
82.72% of the stock of Pioneer Natural Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Pioneer Natural Resources are expected to grow by 12.73% in the coming year, from $21.53 to $24.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pioneer Natural Resources is 10.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pioneer Natural Resources is 10.60, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.93.
Price to Book Value per Share Ratio
Pioneer Natural Resources has a P/B Ratio of 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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 7, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Pioneer Natural Resources (NYSE:PXD)

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December 6, 2023 | msn.com

Pioneer Natural, Exxon receive request for more information from FTC on $60B deal

December 6, 2023 | finance.yahoo.com

ExxonMobil aims for higher oil production with capital spending boost

December 6, 2023 | finance.yahoo.com

Interest rates could push M&A activity higher in 2024