The Weekly Buzzing Stocks by Billy Kawasaki
Pioneer Natural Resources
PXD-N
TOP PICK
Feb 25, 2022
Good dividends. Profiting from the situation in Ukraine. Energy stocks have continued to perform well amid this tech stock selloff. Social media mentions are up 75% over the last 24h.
Their report later today will be straightforward. This year, they already said that if oil is around $80 they will pay out $20 in dividends and at $60, will pay $10. Likely, they will pay the former which amounts to about a 10% yield. Not complex. She owns it for the dividend, not the upside.
Loves the company but he just sold it because it is a prime M&A takeover target. He is overweight energy despite paring this and other energy holdings.
He just trimmed Pioneer, which topped out on Sept. 5, its ex-dividend date, but didn't like how it reversed after that. He still owns some Pioneer shares.
Exxon Mobil is offering 2.3 of its own shares for Pioneer, valuing PXD at $253 per share in a $60 billion all stock deal. Exxon is down somewhat. The energy space is looking good.