Nordea Investment Management AB Boosts Holdings in Pioneer Natural Resources
January 4, 2023
Trending News ☀️
PXD Stock Intrinsic Value – Pioneer Natural Resources ($NYSE:PXD) is a major American exploration and production (E&P) company based in Irving, Texas. It is primarily engaged in the development and production of oil and gas in the United States. Its operations are focused on the Permian Basin and the Eagle Ford shale play. Recently, Nordea Investment Management AB has increased their holdings of Pioneer Natural Resources’ stocks.
This increase in stock ownership by Nordea Investment Management AB is a sign that they are confident in Pioneer Natural Resources’ ability to continue to be successful in the future. The company’s strong performance over the past year has certainly helped to attract the attention of major investors such as Nordea Investment Management AB. Pioneer Natural Resources has recently reported a strong second quarter and has seen their stock price rise as a result. With this new injection of capital, Pioneer Natural Resources can continue to expand its operations and focus on developing new projects that will enable them to remain a major player in the energy industry.
Market Price
On Tuesday, Pioneer Natural Resources stock opened at $225.4 and closed at $220.2, down by 3.6% from the last closing price of $228.4. This stock movement suggests that the market does not view Nordea’s decision to increase its stake in the company as a positive one.
However, it is too soon to make any definitive judgments about the impact of Nordea’s decision on Pioneer Natural Resources. It is possible that the stock price will regain its losses in the future and that the company will benefit from Nordea’s investment. The current loss may simply be due to market volatility or other unrelated factors. Nordea’s decision to boost their holdings in Pioneer Natural Resources is certainly an interesting development, and it will be interesting to see how it affects the company’s overall performance in the future. The company’s future prospects are promising, and it is hoped that Nordea’s decision will prove to be a beneficial one for both parties. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PXD. More…
| Total Revenues | Net Income | Net Margin |
| 24.79k | 7.12k | 33.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PXD. More…
| Operations | Investing | Financing |
| 10.98k | -755 | -9.53k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PXD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 35.75k | 12.8k | 96.53 |
Key Ratios Snapshot
Some of the financial key ratios for PXD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.0% | 96.9% | 37.1% |
| FCF Margin | ROE | ROA |
| 29.0% | 24.6% | 16.1% |
VI Analysis – PXD Stock Intrinsic Value
Its fundamentals reflect its long term potential, and its intrinsic value can be estimated using VI app. According to the VI Line analysis, the intrinsic value of a single PIONEER NATURAL RESOURCES share is around $234.7. Currently, the stock is trading at $220.2, resulting in a 6% undervaluation. The company’s financial health can be evaluated by looking at key ratios such as its price-to-earnings (P/E) ratio and its debt-to-equity (D/E) ratio. This suggests that the company is well positioned to manage its debt and has a solid balance sheet. In addition, PIONEER NATURAL RESOURCES has a strong presence in the U.S. oil and gas market. It is one of the world’s largest oil and natural gas producers with operations in Texas, Oklahoma and other key regions. Overall, PIONEER NATURAL RESOURCES looks like a solid investment opportunity with strong fundamentals and a sound balance sheet. The company’s current share price is undervalued, making it an attractive option for investors looking to capitalize on a long-term growth story. More…
VI Peers
Pioneer Natural Resources Co is an oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia. The Company’s competitors include APA Corp, Continental Resources Inc, Murphy Oil Corp.
– APA Corp ($NASDAQ:APA)
Founded in 1892, APA Corporation is one of the largest publicly traded oil and gas exploration and production companies in the United States. The company has a market capitalization of $13.68 billion and a return on equity of 1079.73%. APA Corporation is engaged in the exploration, development, and production of natural gas and crude oil. The company operates in the Anadarko Basin, Permian Basin, and Gulf Coast regions of the United States.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources is an American petroleum and natural gas exploration and production company with operations in the Bakken formation in North Dakota and Montana. The company is headquartered in Oklahoma City, Oklahoma. As of December 31, 2020, the company had 1,965 million barrels of oil equivalent of proved reserves, of which 68% was petroleum, 29% was natural gas, and 3% was natural gas liquids. Production averaged 467,000 barrels of oil equivalent per day in 2020.
– Murphy Oil Corp ($NYSE:MUR)
Murphy Oil Corporation is an American oil and gas company headquartered in Houston, Texas. The company was founded in 1950 and is engaged in the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation operates in three segments: Exploration and Production, Refining and Marketing, and Corporate. The Exploration and Production segment explores for, develops, and produces crude oil and natural gas. The Refining and Marketing segment refines crude oil into finished petroleum products and markets these products in the United States and international markets. The Corporate segment includes the company’s central administrative functions.
Summary
Investing in Pioneer Natural Resources can be a potentially lucrative endeavor. Recent news that Nordea Investment Management AB has boosted its holdings in the company has resulted in a positive media coverage, however the stock price has fallen the same day. Investors should conduct further research and analysis to determine if Pioneer Natural Resources is a worthwhile long-term investment. Evaluating the company’s financials and market trends can provide insight into the potential returns on investments.
Additionally, analysts should consider the management team and corporate governance to ensure that the company is well-positioned for growth and success.
