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

$269.62
0.00 (0.00%)
(As of 05/3/2024)
Today's Range
$269.62
$269.62
50-Day Range
$234.77
$275.52
52-Week Range
$196.74
$278.83
Volume
N/A
Average Volume
2.07 million shs
Market Capitalization
$63.00 billion
P/E Ratio
13.32
Dividend Yield
1.85%
Price Target
$264.10

Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.05 Rating Score
Upside/​Downside
2.0% Downside
$264.10 Price Target
Short Interest
Healthy
2.85% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
0.87mentions of Pioneer Natural Resources in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$9.07 M Sold Last Quarter
Proj. Earnings Growth
6.89%
From $22.07 to $23.59 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.

3.67 out of 5 stars

Oils/Energy Sector

98th out of 240 stocks

Crude Petroleum & Natural Gas Industry

38th out of 77 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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See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/22 Dividend
3/01/2024
Dividend Payable
3/22/2024
Today
5/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
72378710
Employees
2,213
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$264.10
High Stock Price Target
$332.00
Low Stock Price Target
$236.00
Potential Upside/Downside
-2.0%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
20 Analysts

Profitability

Net Income
$4.89 billion
Pretax Margin
31.04%

Debt

Sales & Book Value

Annual Sales
$19.36 billion
Cash Flow
$34.70 per share
Book Value
$99.32 per share

Miscellaneous

Free Float
232,390,000
Market Cap
$63.00 billion
Optionable
Optionable
Beta
1.28

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PXD Stock Analysis - Frequently Asked Questions

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

20 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, 15 hold ratings and 3 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?

20 Wall Street analysts have issued 1-year price targets 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 $264.10 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
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 on January 1st, 2024. Since then, PXD shares have increased by 19.9% and is now trading at $269.62.
View the best growth stocks for 2024 here
.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) announced its earnings results on Thursday, February, 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts' consensus estimates of $5.41 by $0.13. The oil and gas development company earned $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 21.21% and a net margin of 24.28%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.91 earnings per share.

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, February 22nd. Shareholders of record on Monday, March 4th will be given a dividend of $2.56 per share on Friday, March 22nd. This represents a $10.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, March 1st.
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 1.85%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 21.20% 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 a number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (0.91%), BNP Paribas Financial Markets (0.35%), Swiss National Bank (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), TD Asset Management Inc (0.18%) and Raymond James & Associates (0.18%). Insiders that own company stock include Chris J Cheatwood, Christopher L Washburn, 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, Phillip A Gobe, 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.
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This page (NYSE:PXD) was last updated on 5/10/2024 by MarketBeat.com Staff

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