Pioneer Natural Resources Co Stock Research

Market Summary

USD186.49+4.64

Market Closed

2.55%

PXD Alerts

Big jump in Earnings (Y/Y)

PXD Stock Price

PXD RSI Chart

PXD Valuation

Market Cap

44.6B

Price/Earnings (Trailing)

5.68

Price/Sales (Trailing)

1.83

EV/EBITDA

3.45

Price/Free Cashflow

3.93

PXD Price/Sales (Trailing)

PXD Profitability

EBT Margin

40.81%

Return on Equity

34.8%

Return on Assets

21.95%

Free Cashflow Yield

25.46%

PXD Fundamentals

PXD Revenue

Revenue (TTM)

24.4B

Revenue Y/Y

-7.21%

Revenue Q/Q

-14.58%

PXD Earnings

Earnings (TTM)

7.8B

Earnings Y/Y

94.1%

Earnings Q/Q

-25.35%

Price Action

52 Week Range

177.27288.46

(Low)(High)

Last 7 days

-11%

Last 30 days

-21.8%

Last 90 days

-19.0%

Trailing 12 Months

-18.0%

PXD Financial Health

Current Ratio

0.96

Debt/Equity

0.23

Debt/Cashflow

2.1

PXD Investor Care

Dividend Yield

13.64%

Dividend/Share (TTM)

25.44

Buy Backs (1Y)

2.05%

Diluted EPS (TTM)

31.13

Peers (Alternatives to Pioneer Natural Resources)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	60.9B	25.7B	-23.86%	-6.70%	7.85	2.37	37.87%	66.36%
OXY	60.4B	37.1B	-12.29%	4.78%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-29.01%	-13.47%	9.45	2.71	44.20%	113.83%
PXD	44.6B	24.4B	-21.77%	-18.01%	5.68	1.83	36.45%	270.40%
FANG	22.6B	9.6B	-17.20%	4.67%	5.15	2.34	41.87%	101.01%
APA	14.4B	11.9B	-24.61%	-11.58%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.6B	14.3B	-31.07%	-22.32%	2.37	0.6	36.25%	156.85%
RRC	6.0B	5.3B	-6.30%	-5.53%	5.09	1.13	49.01%	187.38%
MTDR	5.4B	3.2B	-31.43%	-11.75%	4.47	1.7	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
CRK	3.0B	3.6B	-16.98%	14.70%	2.6	0.82	96.03%	571.98%
KOS	2.9B	2.2B	-22.76%	7.07%	12.82	1.29	68.57%	391.06%
CPE	1.9B	3.2B	-26.77%	-44.44%	1.56	0.58	60.18%	231.32%
SMALL-CAP
PARR	1.6B	7.3B	-8.48%	116.33%	4.35	0.22	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for Pioneer Natural Resources

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.7%	24,384	24,810	23,714	20,978	17,870
S&GA Expenses	2.1%	334	327	309	296	292
Costs and Expenses	-0.6%	14,343	14,428	13,956	12,983	11,897
EBITDA	7.2%	12,609	11,761	10,677	8,185	-
EBITDA Margin	9.1%	0.52*	0.47*	0.45*	0.39*	-
Earnings Before Taxes	9.7%	9,951	9,074	7,916	5,388	2,746
EBT Margin	11.6%	0.41*	0.37*	0.33*	0.26*	-
Interest Expenses	-7.9%	128	139	150	158	161
Net Income	10.1%	7,845	7,127	6,188	4,197	2,118
Net Income Margin	12.0%	0.32*	0.29*	0.26*	0.20*	-
Free Cahsflow	3.4%	11,348	10,971	10,021	8,266	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.0%	35,740	35,746	37,301	36,860	36,811
Current Assets	-13.0%	3,726	4,283	6,321	6,249	6,173
Cash Equivalents	-21.6%	1,032	1,316	2,579	2,385	3,847
Inventory	1.0%	424	420	606	493	369
Net PPE	-0.6%	1,658	1,668	1,679	1,692	1,694
Goodwill	0%	243	243	243	243	243
Liabilities	-7.9%	513	557	563	-	-
Current Liabilities	-6.8%	3,887	4,170	4,749	4,056	4,073
LT Debt, Current	-21.0%	779	986	1,117	244	244
LT Debt, Non Current	-2.4%	4,125	4,228	4,576	5,446	6,688
Shareholder's Equity	-1.8%	22,541	22,949	23,790	23,668	22,837
Retained Earnings	2.2%	5,685	5,561	5,630	5,047	3,960
Additional Paid-In Capital	-0.7%	18,779	18,911	19,180	19,142	19,123
Accumulated Depreciation	-	313	-	-	-	-
Shares Outstanding	-1.2%	239	242	243	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	3.4%	11,348	10,971	10,008	8,253	6,046
Cashflow From Investing	-383.3%	-3,586	-742	-885	-1,821	-856
Cashflow From Financing	-11.3%	-10,614	-9,534	-6,680	-4,762	-2,807
Dividend Payments	8.3%	6,269	5,787	4,242	2,576	1,594
Buy Backs	9.8%	1,687	1,536	1,030	532	269

Risks for PXD

What is the probability of a big loss on PXD?

81.9%

Probability that Pioneer Natural Resources stock will be more than 20% underwater in next one year

46.1%

Probability that Pioneer Natural Resources stock will be more than 30% underwater in next one year.

27.7%

Probability that Pioneer Natural Resources stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PXD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Pioneer Natural Resources was unfortunately bought at previous high price.

Drawdowns

Returns for PXD

Cumulative Returns on PXD

4.7%

10-Year Cumulative Returns

5.9%

7-Year Cumulative Returns

3.9%

5-Year Cumulative Returns

42.1%

3-Year Cumulative Returns

What are the long-term rolling returns for PXD?

FIve years rolling returns for Pioneer Natural Resources.

Annualized Returns

Which funds bought or sold PXD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	25.44	667,127	2,733,130	0.08%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-4.95	217,475	84,066,500	0.09%
2023-03-10	MATHER GROUP, LLC.	added	2.35	61,450	835,450	0.02%
2023-03-07	Great Lakes Retirement, Inc.	new	-	1,010,640	1,010,640	0.26%
2023-03-06	Rockefeller Capital Management L.P.	sold off	-100	-32,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	added	23.9	6,333,000	26,970,000	0.14%
2023-03-03	TIAA, FSB	added	24.00	111,508	475,508	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	509,310	509,310	0.01%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	reduced	-12.54	-11,966	137,034	0.08%
2023-03-01	Goehring & Rozencwajg Associates, LLC	new	-	15,446,900	15,446,900	5.49%

Latest Funds Activity

Are funds buying PXD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PXD

No. of Funds

PXD Alerts

Big jump in Earnings (Y/Y)

Pioneer Natural Resources News

Schedule 13G FIlings of Pioneer Natural Resources

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital world investors	8.0%	19,092,506	SC 13G/A
Feb 09, 2023	vanguard group inc	8.20%	19,475,042	SC 13G/A
Feb 07, 2023	state street corp	6.53%	15,518,558	SC 13G/A
Feb 06, 2023	wellington management group llp	1.03%	2,452,252	SC 13G/A
Jan 31, 2023	blackrock inc.	7.5%	17,848,180	SC 13G/A
Mar 09, 2022	vanguard group inc	10.12%	24,583,067	SC 13G/A
Feb 11, 2022	capital world investors	5.8%	14,256,214	SC 13G
Feb 11, 2022	apollo management holdings gp, llc	0.0%	54,682	SC 13G/A
Feb 11, 2022	state street corp	6.06%	14,793,629	SC 13G/A
Feb 08, 2022	blackrock inc.	7.3%	17,895,149	SC 13G/A

PXD Fair Value

Pioneer Natural Resources fair value in different scenarios

The table shows the Fair Value estimates for Pioneer Natural Resources for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	516.99 177.22%	801.79 329.94%	1570.50 742.14%	2477.47 1228.47%	3084.39 1553.92%
Current Inflation	394.01 111.28%	572.68 207.08%	1131.19 506.57%	1809.62 870.36%	2460.68 1219.47%
Very High Inflation	423.22 126.94%	621.60 233.32%	1146.19 514.61%	1767.59 847.82%	2167.45 1062.23%

Historical Pioneer Natural Resources Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Pioneer Natural Resources

View All Filings

Date Filed	Form Type	Document
Mar 02, 2023	8-K	Current Report
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	10-K	Annual Report

Latest Insider Trading transactions for PXD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-21	BERG MARK STEPHEN	sold (taxes)	-472,459	208	-2,261	evp, corporate operations
2023-02-21	Taylor Tyson L.	sold (taxes)	-126,839	208	-607	svp, hr & communications
2023-02-21	McDonald Elizabeth Anne	sold (taxes)	-187,855	208	-899	svp, strategic planning, field
2023-02-21	Hall Jerome D JR	sold (taxes)	-519,266	208	-2,485	evp, operations
2023-02-21	KLEINMAN MARK H	sold (taxes)	-418,547	208	-2,003	evp & general counsel
2023-02-21	Shah Neal H	sold (taxes)	-311,559	208	-1,491	svp and cfo
2023-02-21	DEALY RICHARD P	sold (taxes)	-792,167	208	-3,791	president and coo
2023-02-21	Black Bonnie S.	sold (taxes)	-127,048	208	-608	svp, technology & ops support
2023-02-09	SHEFFIELD SCOTT D	acquired	-	-	21,695	chief executive officer
2023-02-08	Washburn Christopher L	acquired	-	-	1,384	vp & cao

About Pioneer Natural Resources

Scott D. Sheffield

www.pxd.com

1930

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

PXD Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues and other income:
Revenue	$ 24,384	$ 17,870	$ 7,024
Interest and other income (loss), net	119	23	(67)
Derivative loss, net	(315)	(2,183)	(281)
Gain (loss) on disposition of assets, net	106	(1,067)	9
Revenues	24,294	14,643	6,685
Costs and expenses:
Production and ad valorem taxes	965	651	242
Depletion, depreciation and amortization	2,530	2,498	1,639
Exploration and abandonments	41	51	47
General and administrative	334	292	244
Accretion of discount on asset retirement obligations	15	7	9
Interest	128	161	129
Other	173	410	321
Total costs and expenses	14,343	11,897	6,946
Income (loss) before income taxes	9,951	2,746	(261)
Income tax benefit (provision)	(2,106)	(628)	61
Net income (loss) attributable to common stockholders	$ 7,845	$ 2,118	$ (200)
Net income (loss) per share attributable to common stockholders:
Basic (usd per share)	$ 32.61	$ 9.06	$ (1.21)
Diluted (usd per share)	$ 31.13	$ 8.61	$ (1.21)
Weighted average shares outstanding:
Basic weighted average shares outstanding (in shares)	240	233	165
Diluted weighted average shares outstanding (in shares)	252	246	165
Dividends declared (usd per share)	$ 25.44	$ 6.83	$ 2.20
Capped call proceeds	$ 103	$ (202)	$ 230
Additional Paid-in Capital
Weighted average shares outstanding:
Capped call proceeds	103	(230)	230
Oil and gas
Revenues and other income:
Revenue	16,310	11,503	3,630
Costs and expenses:
Costs and expenses	1,922	1,267	682
Sales of purchased commodities
Revenues and other income:
Revenue	8,074	6,367	3,394
Costs and expenses:
Costs and expenses	$ 8,235	$ 6,560	$ 3,633

PXD Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,032	$ 3,847
Restricted cash	0	37
Accounts receivable, net	1,853	1,685
Income Taxes Receivable	164	1
Inventories	424	369
Investment in affiliate	172	135
Short-term investments, net	0	58
Other	81	41
Total current assets	3,726	6,173
Oil and gas properties, using the successful efforts method of accounting:
Proved properties	38,465	34,454
Unproved properties	6,008	6,063
Accumulated depletion, depreciation and amortization	(14,843)	(12,335)
Total oil and gas properties, net	29,630	28,182
Other property and equipment, net	1,658	1,694
Operating lease right-of-use assets	340	348
Goodwill	243	243
Other assets	143	171
Total assets	35,740	36,811
Accounts payable:
Trade	2,487	2,380
Due to affiliates	150	179
Interest payable	33	53
Income taxes payable	63	45
Current portion of long-term debt	779	244
Derivatives	44	538
Operating leases	125	121
Other	206	513
Total current liabilities	3,887	4,073
Long-term debt	4,125	6,688
Derivatives	96	25
Deferred income taxes	3,867	2,038
Operating leases	236	243
Other liabilities	988	907
Equity:
Common stock, $.01 par value; 500,000,000 shares authorized; 244,703,342 and 244,144,444 shares issued as of December 31, 2022 and December 31, 2021, respectively	2	2
Additional paid-in capital	18,779	19,123
Treasury stock, at cost; 8,667,824 and 1,366,610 shares as of December 31, 2022 and December 31, 2021, respectively	(1,925)	(248)
Retained earnings	5,685	3,960
Total equity	22,541	22,837
Commitments and contingencies
Total Liabilities and Stockholders' Equity	$ 35,740	$ 36,811