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 analysts have issued 12 month price targets for Pioneer Natural Resources' shares. Their PXD share price targets range from $224.00 to $332.00. On average, they anticipate the company's share price to reach $254.19 in the next year. This suggests a possible upside of 9.7% 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 3.1% and is now trading at $231.76. 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) announced its earnings results on Wednesday, April, 26th. The oil and gas development company reported $5.21 earnings per share for the quarter, topping analysts' consensus estimates of $4.90 by $0.31. The oil and gas development company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.98 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 23.48% and a net margin of 26.52%. The firm's quarterly revenue was down 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 given a dividend of $3.20 per share on Friday, December 22nd. This represents a $12.80 annualized dividend and a dividend yield of 5.52%. The ex-dividend date 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 2.19%. 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 23.21% 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 variety of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.86%), Dimensional Fund Advisors LP (0.77%), Pacer Advisors Inc. (0.70%), Charles Schwab Investment Management Inc. (0.53%), Yacktman Asset Management LP (0.48%) and Swiss National Bank (0.31%). 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

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NYSE:PXD

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

$231.76

+4.00 (+1.76%)

(As of 02/8/2024 ET)

Compare

Today's Range: $227.65
▼
$232.45
50-Day Range: $216.49
▼
$234.19
52-Week Range: $177.26
▼
$257.76

Volume: 1.51 million shs
Average Volume: 2.06 million shs
Market Capitalization: $54.07 billion

P/E Ratio: 11.07
Dividend Yield: 2.16%
Price Target: $254.19

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Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 9.7% 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: 1.15
Based on 21 Articles This Week
Insider Trading: Selling Shares
$2.41 M Sold Last Quarter
Proj. Earnings Growth: 2.18%
From $21.08 to $21.54 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.

4.03 out of 5 stars

Oils/Energy Sector

63rd out of 236 stocks

Crude Petroleum & Natural Gas Industry

29th out of 76 stocks

2.2

Analyst's Opinion

Consensus Rating
Pioneer Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 10 buy ratings, 12 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $254.19, Pioneer Natural Resources has a forecasted upside of 9.7% from its current price of $231.76.
Amount of Analyst Coverage
Pioneer Natural Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.24% 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 2.3, 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 increased by 3.79%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Pioneer Natural Resources pays a meaningful dividend of 2.19%, 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 23.21% 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.

4.0

News and Social Media Coverage

News Sentiment
Pioneer Natural Resources has a news sentiment score of 1.15. 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 0.59 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Pioneer Natural Resources this week, compared to 11 articles on an average week.
Search Interest
41 people have searched for PXD on MarketBeat in the last 30 days. This is an increase of 24% compared to the previous 30 days.
MarketBeat Follows
20 people have added Pioneer Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pioneer Natural Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,409,424.00 in company stock.
Percentage Held by Insiders
Only 0.57% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Pioneer Natural Resources are expected to grow by 2.18% in the coming year, from $21.08 to $21.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pioneer Natural Resources is 11.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pioneer Natural Resources is 11.07, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.48.
Price to Book Value per Share Ratio
Pioneer Natural Resources has a P/B Ratio of 2.49. 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

February 2, 2024 | marketbeat.com

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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 7, 2024 | finance.yahoo.com

Pioneer Natural Resources (PXD) Stock Drops Despite Market Gains: Important Facts to Note

February 8, 2024 | The Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

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 8, 2024 | Stansberry Research (Ad)

CEO of America's biggest bank has stern warning

CEO of America’s biggest bank says, “I’m not sure if the world is prepared” for what he believes is coming next.

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

February 1, 2024 | americanbankingnews.com

Pioneer Natural Resources (NYSE:PXD) Coverage Initiated by Analysts at StockNews.com

January 30, 2024 | morningstar.com

Pioneer Natural Resources Co

January 30, 2024 | americanbankingnews.com

Pioneer Natural Resources (NYSE:PXD) Price Target Lowered to $237.00 at Susquehanna

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