Pioneer Nat Stock Price, News & Analysis

Pioneer Natural Resources Company (NYSE:PXD) announced early results for its cash tender offers to purchase outstanding Senior Notes from Parsley Energy. As of January 13, 2021, approximately $520.4 million of the 5.625% Senior Notes due 2027 (74.35% of total) and $254.6 million of the 4.125% Senior Notes due 2028 (63.75% of total) were tendered. The Tender Offers, expiring January 28, 2021, require the completion of a merger agreement that closed on January 12, 2021, making the issuers wholly owned subsidiaries of Pioneer. Payment for notes is expected around January 29, 2021.

Pioneer Natural Resources Company (NYSE:PXD) has completed its acquisition of Parsley Energy, Inc. (NYSE:PE) following overwhelming approval from stockholders. Over 99% of Pioneer and approximately 89% of Parsley stockholders voted in favor of the all-stock transaction. Parsley stockholders will receive 0.1252 shares of Pioneer stock for each share owned. Following the acquisition, Parsley Class A common stock will be delisted. This transaction is anticipated to enhance Pioneer’s free cash flow profile and strengthen return of capital to shareholders.

Pioneer Natural Resources Company (PXD) has announced the release of its fourth quarter 2020 earnings report, set to be published on February 17, 2021, after market close. A conference call to discuss these results will occur the following day, February 18, 2021, at 9:00 a.m. Central Time. Interested parties can listen via the company's website or by telephone. A replay of the call will be available until March 15, 2021. Pioneer is a leading independent oil and gas company based in Dallas, Texas.

Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will participate in a panel discussion at the Goldman Sachs Global Energy Conference on January 6, 2021, at 12:15 p.m. Eastern Time.

The event will be accessible to the public via a live webcast, with replays available until February 8, 2021. Pioneer is a leading independent oil and gas exploration and production firm based in Dallas, Texas. For more information, visit www.pxd.com.

Pioneer Natural Resources Company (NYSE: PXD) has initiated cash tender offers to acquire all outstanding 5.625% Senior Notes due 2027 and 4.125% Senior Notes due 2028 from Parsley Energy, LLC and Parsley Finance Corp. The offers are contingent upon the completion of the anticipated merger between Pioneer and Parsley, expected to close around January 12, 2021. The total consideration for the 2027 Notes is $1,098.75 and for the 2028 Notes is $1,067.50, including an early tender premium. The offers expire on January 28, 2021, unless extended.

Pioneer Natural Resources Company (NYSE:PXD) announced a special meeting for stockholders on January 12, 2021, to vote on the issuance of common stock related to its acquisition of Parsley Energy, Inc. This all-stock transaction will entail Parsley stockholders receiving 0.1252 shares of Pioneer common stock per share of Parsley. The record date for voting is December 7, 2020. A definitive joint proxy statement will be filed with the SEC, providing further details about the merger.

Pioneer Natural Resources Company (NYSE:PXD) has declared a quarterly cash dividend of $0.55 per share on its common stock. This dividend is scheduled for payment on January 14, 2021, to stockholders of record by the close of business on December 31, 2020. As a significant player in the oil and gas sector, Pioneer continues to demonstrate financial commitment to its shareholders through consistent dividend payments.