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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
BREAKING: Tiny biotech successfully treats blindness (Ad)
Dividend King Genuine Parts Company Upgraded On Profit Guidance
11 Best Consumer Discretionary Stocks of 2023
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
BREAKING: Tiny biotech successfully treats blindness (Ad)
Dividend King Genuine Parts Company Upgraded On Profit Guidance
11 Best Consumer Discretionary Stocks of 2023
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
5 Best Dividend Capture Stocks
BREAKING: Tiny biotech successfully treats blindness (Ad)
Dividend King Genuine Parts Company Upgraded On Profit Guidance
11 Best Consumer Discretionary Stocks of 2023
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
The Bottom Is In For Accenture
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
14 Best Consumer Staples Dividend Stocks
10 Best Consumer Discretionary ETFs
NYSE:PXD

Pioneer Natural Resources - PXD Stock Forecast, Price & News

$192.22
+3.04 (+1.61%)
(As of 03/24/2023 12:00 AM ET)
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Today's Range
$186.01
$193.11
50-Day Range
$181.85
$241.45
52-Week Range
$177.26
$288.46
Volume
2.19 million shs
Average Volume
3.71 million shs
Market Capitalization
$45.17 billion
P/E Ratio
6.19
Dividend Yield
2.29%
Price Target
$264.58

Pioneer Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
37.6% Upside
$264.58 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
1.08mentions of Pioneer Natural Resources in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.46%
From $22.68 to $23.01 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Oils/Energy Sector

45th out of 243 stocks

Crude Petroleum & Natural Gas Industry

23rd out of 78 stocks


PXD stock logo

About Pioneer Natural Resources (NYSE:PXD) Stock

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.

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PXD Stock News Headlines

3 High-Yield Dividend Stocks That Are Probably Not On Your Radar (PXD)
United Microelectronics, Gaming & Leisure Properties Inc. and Banco Santander Mexico may not be well known, but they all pay high dividend yields.
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Pioneer CEO: The Shale Boom Is Over
Pioneer Natural Resources: Picking An Entry Point
See More Headlines
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PXD Company Calendar

Last Earnings
2/22/2023
Ex-Dividend for 3/17 Dividend
3/03/2023
Dividend Payable
3/17/2023
Today
3/25/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$264.58
High Stock Price Forecast
$322.00
Low Stock Price Forecast
$210.00
Forecasted Upside/Downside
+37.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

Net Income
$7.85 billion
Pretax Margin
40.96%

Debt

Sales & Book Value

Annual Sales
$24.38 billion
Cash Flow
$41.97 per share
Book Value
$93.16 per share

Miscellaneous

Free Float
233,711,000
Market Cap
$45.17 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Scott Douglas Sheffield
    Chief Executive Officer & Director
  • Richard P. DealyRichard P. Dealy
    President & Chief Operating Officer
  • Neal H. ShahNeal H. Shah
    Chief Financial Officer & Senior Vice President
  • Stephanie D. StewartStephanie D. Stewart
    Chief Information Officer & Vice President
  • Bonnie S. Black
    Senior Vice President-Technology & Operations













PXD Stock - Frequently Asked Questions

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

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pioneer Natural Resources in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PXD shares.
View PXD analyst ratings
or view top-rated stocks.

What is Pioneer Natural Resources' stock price forecast for 2023?

22 equities research analysts have issued 12 month target prices for Pioneer Natural Resources' shares. Their PXD share price forecasts range from $210.00 to $322.00. On average, they anticipate the company's stock price to reach $264.58 in the next year. This suggests a possible upside of 37.6% 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 on January 1st, 2023. Since then, PXD stock has decreased by 15.8% and is now trading at $192.22.
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, May 3rd 2023.
View our PXD earnings forecast
.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) posted its quarterly earnings results on Wednesday, February, 22nd. The oil and gas development company reported $5.91 EPS for the quarter, beating analysts' consensus estimates of $5.83 by $0.08. The oil and gas development company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.59 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 33.15% and a net margin of 32.29%. The company's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.58 earnings per share.
Read the conference call transcript
.

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 Wednesday, February 22nd. Shareholders of record on Monday, March 6th will be paid a dividend of $5.58 per share on Friday, March 17th. This represents a $22.32 annualized dividend and a dividend yield of 11.61%. The ex-dividend date is Friday, March 3rd.
Read our dividend analysis for PXD
.

Is Pioneer Natural Resources a good dividend stock?

Pioneer Natural Resources (NYSE:PXD) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.32%. The dividend payout ratio is 14.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 19.12% 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).

What is Pioneer Natural Resources' stock symbol?

Pioneer Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "PXD."

Who are Pioneer Natural Resources' major shareholders?

Pioneer Natural Resources' stock is owned by many different institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (1.75%), Geode Capital Management LLC (1.73%), CIBC Private Wealth Group LLC (1.43%), Boston Partners (1.21%), Clearbridge Investments LLC (1.19%) and First Trust Advisors LP (0.83%). Insiders that own company stock include Chris J Cheatwood, Craig A Kuiper, 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, Stephanie D Stewart 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.

What is Pioneer Natural Resources' stock price today?

One share of PXD stock can currently be purchased for approximately $192.22.

How much money does Pioneer Natural Resources make?

Pioneer Natural Resources (NYSE:PXD) has a market capitalization of $45.17 billion and generates $24.38 billion in revenue each year. The oil and gas development company earns $7.85 billion in net income (profit) each year or $31.06 on an earnings per share basis.

How many employees does Pioneer Natural Resources have?

The company employs 2,076 workers across the globe.

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
How can I contact Pioneer Natural Resources?

Pioneer Natural Resources' mailing address is 777 Hidden Ridge, Irving TX, 75038. The official website for the company is www.pxd.com. The oil and gas development company can be reached via phone at (972) 444-9001, via email at neal.shah@pxd.com, or via fax at 972-402-7023.

This page (NYSE:PXD) was last updated on 3/25/2023 by MarketBeat.com Staff