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Analyzing Pioneer Natural Resources’ Dividend Declaration and Market Sentiment

  Analyzing Pioneer Natural Resources’ Dividend Declaration and Market Sentiment

Dividend Insights

Pioneer Natural Resources recently announced a regular quarterly dividend of $1.25 per share ($5.00 annualized), maintaining its dividend payment. Shareholders of record by March 4, 2024, will receive the payment on March 22, 2024. At the current share price of $234.81, the stock’s dividend yield stands at 2.13%.

Looking back five years, Pioneer’s dividend yield ranged from 0.36% to 16.69%, with an average of 5.15%. The current yield, 0.61 standard deviations below the historical average, signifies a deviation from the norm.

Additionally, the company’s dividend payout ratio of 0.52 indicates that it has room for growth while still rewarding shareholders. Pioneer Natural Resources has shown a consistent 3-year dividend growth rate of 3.88%.

Market Sentiment and Analyst Forecasts

With 2356 funds or institutions holding positions in Pioneer Natural Resources, market sentiment remains strong. The average portfolio weight of all funds invested in PXD has increased by 6.05% to 0.51%. The put/call ratio of 0.93 suggests a bullish outlook on the stock.

Analysts predict a 9.20% upside for Pioneer Natural Resources based on a one-year price target averaging $256.42. The average annual revenue projection is 14,881MM, with a non-GAAP EPS estimate of 24.18.

Shareholder Activity

A Snapshot of shareholder activities reveals interesting dynamics. VTSMX, Vanguard Total Stock Market Index Fund, holds 7,257K shares in Pioneer, representing 3.11% ownership. Massachusetts Financial Services and The Energy Select Sector SPDR Fund have also adjusted their holdings in PXD recently.

Company Background

Pioneer Natural Resources, an American energy company, focuses on hydrocarbon exploration in the Cline Shale within the Permian Basin. Based in Irving, Texas, Pioneer is a key player in the energy sector.

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The thoughts and opinions expressed in this article are solely those of the author and not Nasdaq, Inc.