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 Permian Basin in West Texas. As of December 31, 2020, the company had proved undeveloped reserves and proved developed non-producing reserves of 31 million barrels of oil, 17 million barrels of NGLs, and 88 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.
IPO Year:
Exchange: NYSE
Website: pxd.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/24/2023 | Buy → Sell | Argus | |
| 10/17/2023 | $273.00 → $246.00 | Outperform → Mkt Perform | Bernstein |
| 10/16/2023 | Outperform → Market Perform | BMO Capital Markets | |
| 8/16/2023 | $251.00 → $264.00 | Neutral → Overweight | JP Morgan |
| 7/13/2023 | Hold | The Benchmark Company | |
| 4/19/2023 | $238.00 | Neutral | UBS |
| 3/23/2023 | $193.00 → $210.00 | Neutral → Buy | Citigroup |
| 3/3/2023 | $225.00 → $220.00 | Underweight → Equal Weight | Wells Fargo |
| 2/27/2023 | Hold → Buy | Tudor, Pickering, Holt & Co. | |
| 1/25/2023 | $225.00 | Underweight | Wells Fargo |
NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action C
Transforms ExxonMobil's upstream portfolio by more than doubling the company's Permian footprint Combines Pioneer's sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil's balance-sheet strength, advanced technologies and industry-leading project development capabilities Transitions Pioneer's 2050 net-zero Permian goal to a 2035 plan Exxon Mobil Corporation (NYSE:XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE:PXD). The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin. The combined company's more than 1.4 millio
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today issued the following statement in response to the decision by the U.S. Federal Trade Commission ("FTC") to clear the proposed merger with Exxon Mobil Corporation (NYSE:XOM) ("ExxonMobil") subject to a Consent Order based on allegations in a settlement Complaint directed at Mr. Sheffield: We disagree and are surprised by the FTC's Complaint saying that Mr. Sheffield's record and statements on matters of public interest should disqualify him from serving on the ExxonMobil Board of Directors. Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing. As he has for his
Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced its first quarter 2024 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Thursday, May 2, 2024. Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its first quarter 2024 results. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240418786179/en/
Jacinto J. Hernandez, a director of Altria Group, Inc. ("Altria"), retired from service on our Board of Directors effective February 23, 2024. Mr. Hernandez will continue to serve Altria as a strategic advisor under a 5-year advisory services agreement. "We thank Jacinto for his service on our Board," said Kathryn McQuade, Altria's independent Board Chair. "Our Board benefited from his industry experience and financial expertise." "I joined Altria's Board because I am inspired by Altria's Vision to responsibly lead the transition of adult smokers to a smoke-free future," said Mr. Hernandez. "I am pleased that this agreement will allow me to focus my attention on helping Altria pursue it
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter and year ended December 31, 2023. Pioneer reported fourth quarter net income attributable to common shareholders of $1.3 billion, or $5.28 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the fourth quarter was $1.3 billion, or $5.26 per diluted share. Cash flow from operating activities for the fourth quarter was $2.3 billion. For the year ended December 31, 2023, the Company reported net income attributable to common stockholders
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today that its Board of Directors declared a quarterly base-plus-variable cash dividend of $2.56 per common share. The dividend is payable March 22, 2024, to stockholders of record at the close of business on March 4, 2024. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. Note: Future dividends are authorized and determined by the Company's Board of Directors in its sole discretion. Decisions regarding the payment of dividends ar
Pioneer Natural Resources Company ("Pioneer" or "the Company") (NYSE:PXD) today announced that the Company received shareholder approval for the pending merger with Exxon Mobil Corporation ("ExxonMobil") (NYSE:XOM). Pioneer will file the vote results of the special shareholder meeting on a Form 8-K with the U.S. Securities and Exchange Commission. Pioneer and ExxonMobil continue to work constructively with the Federal Trade Commission in its review of the merger. Pioneer expects that the merger will be completed in the second quarter of 2024. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations i
Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced its fourth quarter 2023 earnings news release is scheduled to be issued before the market opens on Thursday, February 22, 2024. Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its fourth quarter 2023 results. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240201747047/en/
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that Richard ("Rich") P. Dealy has commenced his new role as Chief Executive Officer (CEO) and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, both effective January 1, 2024. As previously announced, Dealy succeeds Mr. Sheffield, who retired as CEO on December 31, 2023. Sheffield and Dealy will both continue to serve on the Pioneer Board of Directors (Board). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240102914539/en/Richard P. Dealy. (Photo: Pioneer Natural Resources) Dealy, previously the C
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4 - PIONEER NATURAL RESOURCES CO (0001038357) (Issuer)
4 - PIONEER NATURAL RESOURCES CO (0001038357) (Issuer)
4 - PIONEER NATURAL RESOURCES CO (0001038357) (Issuer)
4 - PIONEER NATURAL RESOURCES CO (0001038357) (Issuer)
4 - PIONEER NATURAL RESOURCES CO (0001038357) (Issuer)
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Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today issued the following statement in response to the decision by the U.S. Federal Trade Commission ("FTC") to clear the proposed merger with Exxon Mobil Corporation (NYSE:XOM) ("ExxonMobil") subject to a Consent Order based on allegations in a settlement Complaint directed at Mr. Sheffield: We disagree and are surprised by the FTC's Complaint saying that Mr. Sheffield's record and statements on matters of public interest should disqualify him from serving on the ExxonMobil Board of Directors. Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing. As he has for his
Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced its first quarter 2024 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Thursday, May 2, 2024. Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its first quarter 2024 results. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240418786179/en/
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter and year ended December 31, 2023. Pioneer reported fourth quarter net income attributable to common shareholders of $1.3 billion, or $5.28 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the fourth quarter was $1.3 billion, or $5.26 per diluted share. Cash flow from operating activities for the fourth quarter was $2.3 billion. For the year ended December 31, 2023, the Company reported net income attributable to common stockholders
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today that its Board of Directors declared a quarterly base-plus-variable cash dividend of $2.56 per common share. The dividend is payable March 22, 2024, to stockholders of record at the close of business on March 4, 2024. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. Note: Future dividends are authorized and determined by the Company's Board of Directors in its sole discretion. Decisions regarding the payment of dividends ar
Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced its fourth quarter 2023 earnings news release is scheduled to be issued before the market opens on Thursday, February 22, 2024. Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its fourth quarter 2023 results. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240201747047/en/
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended September 30, 2023. Pioneer reported third quarter net income attributable to common shareholders of $1.3 billion, or $5.41 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the third quarter was $1.4 billion, or $5.83 per diluted share. Cash flow from operating activities for the third quarter was $2.1 billion. Third Quarter Highlights Third quarter oil production averaged 377 thousand barrels of oil per day (MBOPD), at
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today that its Board of Directors declared a quarterly base-plus-variable cash dividend of $3.20 per common share. The dividend is payable December 22, 2023, to stockholders of record at the close of business on November 30, 2023. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. Note: Future dividends, whether base or variable, are authorized and determined by the Company's Board of Directors in its sole discretion. Decisions reg
Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced its third quarter 2023 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Thursday, November 2, 2023. Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its third quarter 2023 results. About Pioneer Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20231024207116/en
Transforms ExxonMobil's upstream portfolio, more than doubling the company's Permian footprint and creating an industry-leading, high-quality, high-return undeveloped U.S. unconventional inventory position Expect to generate double-digit returns by recovering more resource, more efficiently and with a lower environmental impact Combines Pioneer's sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil's balance-sheet strength, advanced technologies and industry-leading project development capabilities Plans to accelerate Pioneer's net zero Permian ambition from 2050 to 2035 Strengthens U.S. economy and energy security Exxon Mobil Corporation (NY
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended June 30, 2023. Pioneer reported second quarter net income attributable to common stockholders of $1.1 billion, or $4.55 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the second quarter was $1.1 billion, or $4.49 per diluted share. Cash flow from operating activities for the second quarter was $1.7 billion. Highlights Second quarter oil production averaged 369 thousand barrels of oil per day (MBOPD), near the top end o
Argus downgraded Pioneer Natural Resources from Buy to Sell
Bernstein downgraded Pioneer Natural Resources from Outperform to Mkt Perform and set a new price target of $246.00 from $273.00 previously
BMO Capital Markets downgraded Pioneer Natural Resources from Outperform to Market Perform
JP Morgan upgraded Pioneer Natural Resources from Neutral to Overweight and set a new price target of $264.00 from $251.00 previously
The Benchmark Company initiated coverage of Pioneer Natural Resources with a rating of Hold
UBS initiated coverage of Pioneer Natural Resources with a rating of Neutral and set a new price target of $238.00
Citigroup upgraded Pioneer Natural Resources from Neutral to Buy and set a new price target of $210.00 from $193.00 previously
Wells Fargo upgraded Pioneer Natural Resources from Underweight to Equal Weight and set a new price target of $220.00 from $225.00 previously
Tudor, Pickering, Holt & Co. upgraded Pioneer Natural Resources from Hold to Buy
Wells Fargo initiated coverage of Pioneer Natural Resources with a rating of Underweight and set a new price target of $225.00
NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action C
Jacinto J. Hernandez, a director of Altria Group, Inc. ("Altria"), retired from service on our Board of Directors effective February 23, 2024. Mr. Hernandez will continue to serve Altria as a strategic advisor under a 5-year advisory services agreement. "We thank Jacinto for his service on our Board," said Kathryn McQuade, Altria's independent Board Chair. "Our Board benefited from his industry experience and financial expertise." "I joined Altria's Board because I am inspired by Altria's Vision to responsibly lead the transition of adult smokers to a smoke-free future," said Mr. Hernandez. "I am pleased that this agreement will allow me to focus my attention on helping Altria pursue it
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced the appointment of Lori George Billingsley to its Board of Directors, effective October 17, 2022. Billingsley has been named to the Nominating & Corporate Governance Committee of the Board. She will become the eleventh member of Shake Shack's Board of Directors, following Tristan Walker's appointment in 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221019005253/en/(Photo: Business Wire) "We are pleased to name Lori to Shake Shack's Board of Directors," said Randy Garutti, Shake Shack CEO. "Looking towards the future of Shake Shack, Lori's breadth
Quantum Energy Partners to commit $400 million to Trace Trace II and its affiliates will focus on the development of carbon capture and sequestration assets as well as other midstream infrastructure across North America Company appoints tenured executive David Dell'Osso as Chief Operating Officer Trace Midstream ("Trace") announced today that it has secured an equity commitment of $400 million from Quantum Energy Partners to form Trace Midstream Partners II, LLC, and its affiliate, Trace Carbon Solutions, LLC (collectively, "Trace II" or the "Company"). Headquartered in Houston, Texas, the Company will be focused on developing carbon capture and sequestration ("CCS") assets and suppo
CALGARY, AB, July 6, 2022 /CNW/ - Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV:VRY) is delighted to announce that Mr. Timothy L. Dove has joined the Company in the capacity as advisor to the Board of Directors. HighlightsFormer CEO of Dallas, Texas based $64 billion market cap company, Pioneer Natural Resources (NYSE:PXD), Timothy L. Dove has joined the Company in an advisory capacity to the Board of DirectorsMr. Dove brings over 40 years of onshore upstream oil and gas industry experience to the Petro-Victory leadership teamMr. Dove joins Petro-Victory
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or the “Company”) announced today the early results of Pioneer’s previously announced cash tender offers to purchase any and all of the outstanding 5.625% Senior Notes due 2027 (the “2027 Notes”) and 4.125% Senior Notes due 2028 (the “2028 Notes” and, together with the 2027 Notes, the “Tender Offer Notes”) of Parsley Energy, LLC, a Delaware limited liability company (“Parsley LLC”), and Parsley Finance Corp., a Delaware corporation (“Parsley Finance” and, together with Parsley LLC, the “Issuers”) from holders of each series of the Tender Offer Notes (the “Tender Offers”) and solicitations of consents fr
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer”) today announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. (NYSE:PE) (“Parsley”) following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction. At the special meeting of Pioneer stockholders held today, more than 99% of the shares of Pioneer common stock voting at the special meeting were cast in favor of the issuance of Pioneer common stock in connection with the transaction. At the special meeting of Parsley stockholders held today, more than 99% of the shares of Parsley common stock voting
DALLAS--(BUSINESS WIRE)--Ninth paragraph, third sentence of release should read: The 5.250% Notes due 2025 will be redeemed at a redemption price of 103.938% of the outstanding aggregate principal amount... (instead of The 5.250% Notes due 2025 will be redeemed at a redemption price of 103.398% of the outstanding aggregate principal amount...) The updated release reads: PIONEER NATURAL RESOURCES COMPANY ANNOUNCES CONDITIONAL CASH TENDER OFFERS FOR 5.625% SENIOR NOTES DUE 2027 AND 4.125% SENIOR NOTES DUE 2028 OF PARSLEY ENERGY, LLC AND PARSLEY FINANCE CORP. AND SOLICITATIONS OF CONSENTS TO THE RELATED INDENTURES Parsley Energy, Inc. Issues Notice of Conditional Redemption for its
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer”) today announced that, in connection with the proposed Mergers described below, it has commenced cash tender offers to purchase any and all of the outstanding 5.625% Senior Notes due 2027 (the “2027 Notes”) and 4.125% Senior Notes due 2028 (the “2028 Notes” and, together with the 2027 Notes, the “Notes”) of Parsley Energy, LLC, a Delaware limited liability company (“Parsley LLC”), and Parsley Finance Corp., a Delaware corporation (“Parsley Finance” and, together with Parsley LLC, the “Issuers”) from holders of each series of the Notes (the “Offers”) and solicitations of consents from holders of each se
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced the publication of its 2020 Sustainability Report, detailing the Company’s dedication and focus on environmental, social and governance (ESG) programs. The report highlights enhanced disclosures on air emissions, health and safety metrics, diversity and inclusion initiatives, community engagement, board governance and additional detail on the steps Pioneer will take to integrate the assets from the pending acquisition of Parsley Energy into alignment with the Company’s announced goals and targets. Pioneer’s 2020 Sustainability Report is available at www.pxd.com/sustaina
- Milken Conference
Transforms ExxonMobil's upstream portfolio by more than doubling the company's Permian footprintCombines Pioneer's sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil's balance-sheet strength, advanced technologies and industry-leading project development capabilitiesTransitions Pioneer's 2050 net-zero Permian goal to a 2035 plan
Exxon Mobil Corporation‘s (NYSE:XOM) asset sale to Seplat Energy (OTC:SEPLF) could reportedly be approved in less than two weeks. Nigeria’s oil regulator said that this would end a two-year delay since the deal was signed, reported Reuters. In 2022, Seplat Energy inked the $1.28 billion deal with Exxon and has been waiting regulatory approval since then. As per the report, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) chief Gbenga Komolafe stated, “Subject to the outcome of the meeting, consent… could be given in less than two weeks from the date of the meeting.” Komolafe added that “NUPRC would give the companies two mutually exclusive options that, if accepted, woul
Pioneer Natural Resources (NYSE:PXD) reported quarterly earnings of $4.57 per share which missed the analyst consensus estimate of $4.95 by 7.68 percent. The company reported quarterly sales of $3.287 billion which missed the analyst consensus estimate of $4.185 billion by 21.46 percent. This is a 3.82 percent increase over sales of $3.166 billion the same period last year.
U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains. Trader sentiment rebounded thanks to positive signals from corporate earnings and relief after Fed Chair Jerome Powell dismissed the possibility of a rate hike during Wednesday’s press conference. The S&P 500 inched 0.3% up at 12:30 p.m. ET, while the tech-heavy Nasdaq 100 slightly outperformed, up 0.6%. Semiconductors stood out as a bright spot, buoyed by robust quarterly results and optimistic guidance from Qualcomm Inc. (NASDAQ:QCOM). The iShares Semiconductor ETF (NYSE:SOXX) rose 1.2%, after plummeting 3.4% Wednesday. Small caps fared better than large caps, wi
We disagree and are surprised by the FTC's Complaint saying that Mr. Sheffield's record and statements on matters of public interest should disqualify him from serving on the ExxonMobil Board of Directors. Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing. As he has for his entire career, Mr. Sheffield is electing to place the interests of investors, employees and the competitive health of the U.S. energy industry ahead of his own.
U.S. stocks look to push ahead on a positive path, now that the Federal Reserve’s rate decision is in the rearview mirror. Major index futures point to a positive open on Thursday. Pent-up demand following the recent losses could provide some upward thrust to the market but a lot would ride on the earnings reports that traders get to digest. Apple, Inc. (NASDAQ:AAPL) is on track to report after the market closes, while most tech earnings released after Wednesday’s closing bell have triggered negative reactions. Traders may also watch out for the jobless claims data and bond yields, given their significance for the Fed funds rate. FuturesPerformance (+/-)Nasdaq 100+0.95%S&P 500+0.64%Dow
Exxon Mobil Corp (NYSE:XOM) is preparing to close a $60 billion deal for Pioneer Natural Resources Co (NYSE:PXD) in the coming days after agreeing not to add Pioneer CEO Scott Sheffield to the company’s board of directors. The Details: According to a report from the Wall Street Journal, the Federal Trade Commission will allege Sheffield has engaged in collusive activity which may have affected the price of oil. The allegations reportedly will include Sheffield sending hundreds of messages to representatives of the Organization of the Petroleum Exporting Countries (OPEC) about oil pricing and production levels, according to people familiar with the matter. According to the source
Pioneer Natural Resources (NYSE:PXD) has outperformed the market over the past 15 years by 4.94% on an annualized basis producing an average annual return of 17.13%. Currently, Pioneer Natural Resources has a market capitalization of $63.76 billion. Buying $100 In PXD: If an investor had bought $100 of PXD stock 15 years ago, it would be worth $1,021.25 today based on a price of $272.92 for PXD at the time of writing. Pioneer Natural Resources's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated