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Pioneer Natural Resources: One Of The Largest Dividends Out There
Summary
- Oil and gas rig counts are still hovering below the long-term mean.
- PXD owns a substantial amount of acreage in the Permian Basin, one of the largest hydrocarbon-producing basins in the world.
- While PXD has a trailing dividend yield of 9.7%, the projected 12-month dividend yield is 13.4%.
- Blended forward EV/EBITDA is one standard deviation cheap.
Louis Sutton holds a BA in Applied Mathematics from the University of California, Berkeley.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PXD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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