Pioneer Natural Resources (PXD) Stock Forecast, Price & News

23 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, 15 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.
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23 brokerages have issued 12 month target prices for Pioneer Natural Resources' shares. Their PXD share price forecasts range from $210.00 to $319.00. On average, they predict the company's stock price to reach $258.70 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
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Pioneer Natural Resources' stock was trading at $228.39 at the beginning of 2023. Since then, PXD stock has decreased by 9.9% and is now trading at $205.67.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Pioneer Natural Resources (NYSE:PXD) announced its quarterly earnings data on Wednesday, April, 26th. The oil and gas development company reported $5.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.90 by $0.31. The oil and gas development company earned $4.54 billion during the quarter, compared to analyst estimates of $4.98 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 30.71% and a net margin of 31.15%. Pioneer Natural Resources's quarterly revenue was down 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.74 EPS.
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Pioneer Natural Resources declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Thursday, June 1st will be given a dividend of $3.34 per share on Wednesday, June 21st. This represents a $13.36 annualized dividend and a yield of 6.50%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for PXD.

ETFs with the largest weight of Pioneer Natural Resources (NYSE:PXD) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), AI Powered Equity ETF (AIEQ), Pacer US Cash Cows Growth ETF (BUL), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), WBI Power Factor High Dividend ETF (WBIY), Invesco S&P 500 Equal Weight Energy ETF (RYE), Amplify Natural Resources Dividend Income ETF (NDIV) and First Trust Morningstar Dividend Leaders Index (FDL).

Pioneer Natural Resources (NYSE:PXD) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.49%. The dividend payout ratio is 17.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 21.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PXD.

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.

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).

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

Pioneer Natural Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.86%), Boston Partners (1.14%), Clearbridge Investments LLC (1.09%), Barrow Hanley Mewhinney & Strauss LLC (0.82%), CIBC Private Wealth Group LLC (0.74%) and Ameriprise Financial Inc. (0.72%). 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.
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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.
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One share of PXD stock can currently be purchased for approximately $205.67.

Pioneer Natural Resources (NYSE:PXD) has a market capitalization of $48.07 billion and generates $24.29 billion in revenue each year. The oil and gas development company earns $7.85 billion in net income (profit) each year or $28.21 on an earnings per share basis.

The company employs 2,076 workers across the globe.

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.