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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
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Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
One company did the impossible with AI (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
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Biden's campaign joins TikTok, even as administration warns of national security concerns with app
Most-Downgraded StocksMost-Downgraded
NYSE:PXD

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

$227.22
-4.54 (-1.96%)
(As of 02/9/2024 08:56 PM ET)
Compare
Today's Range
$226.83
▼
$233.40
50-Day Range
$216.49
▼
$234.19
52-Week Range
$177.26
▼
$257.76
Volume
1.54 million shs
Average Volume
2.04 million shs
Market Capitalization
$53.01 billion
P/E Ratio
10.85
Dividend Yield
2.20%
Price Target
$254.19
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
11.9% Upside
$254.19 Price Target
Short Interest
Healthy
2.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
1.46mentions of Pioneer Natural Resources in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$2.41 M Sold Last Quarter
Proj. Earnings Growth
2.76%
From $21.04 to $21.62 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Energy Sector

1st out of 6 stocks

Oil & Gas E&P Industry

1st out of 2 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

February 2, 2024 | marketbeat.com
Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations
Exxon Mobil’s fourth-quarter revenue and profits declined as the oil giant was weighed down by a hefty impairment charge tied to regulatory issues in California
February 12, 2024 | markets.businessinsider.com
Stifel Nicolaus Remains a Hold on Pioneer Natural (PXD)
February 12, 2024 | The Oxford Club (Ad)
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The #1 income play for 2023 is NOT a stock, bond or private company... Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas.
February 11, 2024 | americanbankingnews.com
Brokerages Set Pioneer Natural Resources (NYSE:PXD) PT at $254.19
February 9, 2024 | markets.businessinsider.com
Pioneer Natural Stockholders Approve ExxonMobil Merger
February 9, 2024 | msn.com
Pioneer Natural Grants Executives Long-term Incentive RSUs
February 9, 2024 | americanbankingnews.com
Pioneer Natural Resources (NYSE:PXD) Research Coverage Started at StockNews.com
February 7, 2024 | finance.yahoo.com
Pioneer Natural Resources (PXD) Stock Drops Despite Market Gains: Important Facts to Note
February 12, 2024 | The Oxford Club (Ad)
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February 7, 2024 | msn.com
Pioneer Natural shareholders OK Exxon merger deal
February 7, 2024 | businesswire.com
Pioneer Natural Resources Announces Results of Special Meeting
February 7, 2024 | fool.com
2 Energy Stocks to Buy Hand Over Fist in February
February 4, 2024 | americanbankingnews.com
FY2023 EPS Estimates for Pioneer Natural Resources Raised by Capital One Financial (NYSE:PXD)
February 3, 2024 | finance.yahoo.com
Pioneer Natural Resources Company (NYSE:PXD) is largely controlled by institutional shareholders who own 82% of the company
February 3, 2024 | americanbankingnews.com
Capital One Financial Brokers Decrease Earnings Estimates for Pioneer Natural Resources (NYSE:PXD)
February 2, 2024 | finance.yahoo.com
UPDATE 1-Exxon beats estimates, ends 2023 with a $36 billion profit
February 1, 2024 | finance.yahoo.com
Pioneer Natural Resources (PXD) Stock Declines While Market Improves: Some Information for Investors
January 30, 2024 | morningstar.com
Pioneer Natural Resources Co
January 23, 2024 | markets.businessinsider.com
Analyst Ratings For Pioneer Natural Resources
January 23, 2024 | wsj.com
Pioneer Natural Resources Co.
January 21, 2024 | seekingalpha.com
ClearBridge All Cap Value Strategy Q4 2023 Portfolio Manager Commentary
January 19, 2024 | finance.yahoo.com
Pioneer Natural Resources (PXD) Rises Yet Lags Behind Market: Some Facts Worth Knowing
January 17, 2024 | finance.yahoo.com
Pioneer Natural Resources (PXD) Stock Moves -0.41%: What You Should Know
January 12, 2024 | gurufocus.com
Q4 2018 Pioneer Natural Resources Co Earnings Call Transcript
January 12, 2024 | gurufocus.com
Q1 2019 Pioneer Natural Resources Co Earnings Call Transcript
January 12, 2024 | gurufocus.com
Q2 2019 Pioneer Natural Resources Co Earnings Call Transcript
January 12, 2024 | gurufocus.com
Q3 2019 Pioneer Natural Resources Co Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
4/26/2023
Ex-Dividend for 12/22 Dividend
11/29/2023
Dividend Payable
12/22/2023
Today
2/11/2024
Next Earnings (Confirmed)
2/22/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Oils/Energy
Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
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
$254.19
High Stock Price Target
$332.00
Low Stock Price Target
$224.00
Potential Upside/Downside
+11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
24 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$20.94
Trailing P/E Ratio
10.85
Forward P/E Ratio
10.80
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
2.18
Cash Flow
$42.71 per share
Price / Cash Flow
5.32
Book Value
$93.16 per share
Price / Book
2.44

Miscellaneous

Outstanding Shares
233,310,000
Free Float
231,979,000
Market Cap
$53.01 billion
Optionable
Optionable
Beta
1.31

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Should I Buy Pioneer Natural Resources Stock? PXD Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Pioneer Natural Resources was last updated on Monday, January 29, 2024 at 1:55 PM.

Pros

Here are some ways that investors could benefit from investing in Pioneer Natural Resources:

  • Pioneer Natural Resources is an independent oil and gas exploration and production company with operations in the Midland Basin in West Texas. This provides the company with access to a region known for its rich oil and gas reserves.
  • The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. This diversified portfolio allows Pioneer Natural Resources to capitalize on multiple revenue streams within the energy sector.
  • Recent developments in the oil and gas industry, such as rising oil prices, have positively impacted Pioneer Natural Resources' financial performance. This indicates potential for strong returns on investment.
  • Pioneer Natural Resources has a track record of successful exploration and production activities, demonstrating its ability to efficiently extract and monetize oil and gas resources.
  • The current stock price of Pioneer Natural Resources presents an attractive investment opportunity. Investors can potentially benefit from capital appreciation if the stock price continues to rise.

Cons

Investors should be bearish about investing in Pioneer Natural Resources for these reasons:

  • The oil and gas industry is subject to price volatility, which can impact the profitability of companies like Pioneer Natural Resources. Fluctuations in oil and gas prices can affect the company's revenue and earnings.
  • Environmental concerns and regulations surrounding the extraction and production of oil and gas may pose risks to Pioneer Natural Resources' operations. Compliance with these regulations can increase costs and potentially impact profitability.
  • Competition within the oil and gas industry is intense, with many companies vying for market share. This competitive landscape can put pressure on Pioneer Natural Resources' pricing power and market position.
  • Investing in the energy sector carries inherent risks, including geopolitical factors, supply and demand dynamics, and technological advancements. These factors can impact the overall performance of Pioneer Natural Resources and the industry as a whole.
  • Investors should carefully consider their risk tolerance and investment objectives before investing in Pioneer Natural Resources. The company's stock may not be suitable for all investors, and individual financial circumstances should be taken into account.














PXD Stock Analysis - Frequently Asked Questions

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

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pioneer Natural Resources in the last year. There are currently 2 sell ratings, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research 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?

24 brokers have issued 12-month price targets for Pioneer Natural Resources' stock. Their PXD share price targets range from $224.00 to $332.00. On average, they predict the company's stock price to reach $254.19 in the next twelve months. This suggests a possible upside of 11.9% 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 2024?

Pioneer Natural Resources' stock was trading at $224.88 at the beginning of 2024. Since then, PXD shares have increased by 1.0% and is now trading at $227.22.
View the best growth stocks for 2024 here.

When is Pioneer Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our PXD earnings forecast.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) issued its quarterly earnings results on Wednesday, April, 26th. The oil and gas development company reported $5.21 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.31. The oil and gas development company earned $4.54 billion during the quarter, compared to the consensus estimate of $4.98 billion. Pioneer Natural Resources had a net margin of 26.52% and a trailing twelve-month return on equity of 23.48%. The business's revenue was down 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.74 EPS.
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 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 dividend on an annualized basis and a dividend yield of 5.63%. 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 2.20%. 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 23.13% 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 number of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.86%), Primecap Management Co. CA (2.04%), Clearbridge Investments LLC (1.36%), Dimensional Fund Advisors LP (0.77%), Pacer Advisors Inc. (0.70%) and Charles Schwab Investment Management Inc. (0.53%). 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, Maria S Dreyfus, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/12/2024 by MarketBeat.com Staff

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