Pioneer Natural Resources Named High Dividend Stock with Insider Buys and Return of 1.38% (PXD)


IIn this series, we look at the most recent Dividend Channel “DividendRank” report and then select only those companies that have been the subject of insider buying in the past six months. Executives and directors of a company tend to have a unique view of the insider business, and the only reason an insider would choose to take their hard-earned money and use it to buy stocks in the market is free is that he expects to make money – maybe they find the action very undervalued, or maybe they see exciting progress within the company , or maybe both. So when stocks come up that see insiders buying and are also top ranked, investors are advised to take note. One of these companies is Pioneer Natural Resources Co (symbol: PXD), which was bought by director Maria S. Dreyfus.

On November 8, Dreyfus invested $ 1,999,610.55 in 10,632 shares of PXD, at a cost per share of $ 188.07. In Friday’s trading, bargain hunters could buy shares of Pioneer Natural Resources Co (ticker: PXD) and achieve a base cost 7.5% cheaper than Dreyfus, with shares changing hands as low as $ 173.88 per share. Pioneer Natural Resources Co shares are currently trading at -1.60% on this day. The chart below shows the one-year performance of PXD shares, compared to its 200-day moving average:

Looking at the chart above, PXD’s low point in its 52 week range is $ 94.87 per share, with $ 196.64 as a 52 week high, compared with a last trade of 176.46 $. For comparison, here’s a table showing the prices at which insider buys were recorded in the past six months:

Purchased Initiated Title Actions Price / share Value
08/11/2021 Maria S. Dreyfus Director 10 632 $ 188.07 $ 1,999,610.55

The DividendRank report noted that among the hedging universe, PXD stocks displayed both attractive valuation metrics and solid profitability metrics. The report also cited Pioneer Natural Resources Co’s history of strong quarterly dividends and long-term favorable multi-year growth rates in key fundamental data points.

The report states: “Dividend investors who approach investing from a value perspective are generally more interested in finding the strongest, most profitable companies, which are also trading at an attractive valuation. This is what we seek to find by using our exclusive DividendRank formula, which ranks the hedging universe according to our various profitability and valuation criteria, to generate a list of the most “interesting” stocks, intended for investors. as a source of ideas that deserves further research. ”

The annualized dividend paid by Pioneer Natural Resources Co is $ 2.48 / share, currently paid in quarterly installments, and its most recent ex-dividend date was 12/30/2021. Below is a chart of PXD’s long-term dividend history, which the report highlighted as being of key importance. Indeed, studying a company’s past dividend history can be of great help in judging whether the most recent dividend is likely to continue.

PXD + Dividend + History + Graph

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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