Summary: Pioneer Natural Resources is a prominent company that extracts and supplies oil and natural gas from the Permian basin. This guide will show investors how to buy Pioneer Natural Resources stock using a regulated brokerage like eToro.
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About Pioneer Natural Resources
Based in Irving, Texas, the company operates in the Cline Shale, a part of the Permian Basin, and remains the region’s largest acreage holder. Pioneer Natural Resources has built a reputation for using advanced technologies such as horizontal drilling and hydraulic fracturing.
Pioneer Natural Resources has built a reputation for cutting-edge innovation and successful exploration and expansion projects. As of February 2024, Pioneer is undergoing acquisition by ExxonMobil. If successful, it will represent the largest merger in the energy industry in 20 years.
The company is included in the Fortune 500 list. Its stock is also a component of the S&P 500 index.
Pioneer Natural Resources trades on the NYSE stock market under the PXD ticker.
How to buy Pioneer Natural Resources stock: step-by-step
You can obtain shares in Pioneer Natural Resources with the help of an online investing service in a few simple steps:
Step 1: Choose a broker
Investors need access to the stock market before buying Pioneer Natural Resources stock. The most straightforward method is to use a reputable online brokerage.
To securely buy Pioneer Natural Resources stock, we recommend you consider eToro:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
For additional investing options in natural gas companies, consider the following guides:
- 5 Best Natural Gas Stocks to Buy;
- 3 Natural Gas Dividend Stocks for This Year;
- 3 Canadian Natural Gas Stocks to Invest in;
- How to Invest in Natural Gas ETFs;
- How to Buy Devon Energy Stock;
- How to Buy Equitrans Midstream Stock;
- How to Buy Hess Stock;
- How to Buy ExxonMobil Stock.
Step 2: Open and fund your account
Once you select a brokerage, you must register and verify your new profile. The investing platform will send you the precise instructions by email.
The next step is depositing funds into your new account to prepare to invest in Pioneer Natural Resources. Available funding methods typically include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to invest
Limiting your budget prevents spiraling debt and a potential financial disaster. Besides this, you also need to make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Step 4: Place your order and buy Pioneer Natural Resources stock
Next, you should place an order and purchase shares in Pioneer Natural Resources:
- Step 1: Log into your brokerage and find Pioneer Natural Resources’ ticker symbol PXD;
- Step 2: Type in the amount or the number of shares you want to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Pros and cons of buying Pioneer Natural Resources stock
Pros
- Potential for profit: If Pioneer Natural Resources remains successful in its exploration and production activities, it can generate substantial profits, especially during high oil and natural gas price periods;
- Hedge against inflation: Energy commodities that Pioneer Natural Resources supplies usually fare better with inflation, so investing in this company can act as a hedge against inflation;
- Dividend income: Some natural gas companies offer dividends to shareholders, providing a regular income stream. Pioneer Natural Resources stock has a dividend yield of 6.0% as of February 2024;
- Global energy demand: There is an ongoing worldwide demand for energy, which could potentially allow oil and natural gas companies to earn substantial profits.
Cons
- Volatility: The energy sector is often volatile, and the performance of any energy stock depends on market conditions. Economic downturns, industry-specific challenges, or global events can impact the Pioneer Natural Resources stock price;
- Environmental risks: The energy industry is subject to environmental regulations and faces increasing criticism regarding its environmental impact;
- Renewable energy transition: With the intensive focus on renewable energy sources, fossil fuel companies face a long-term risk as the world transitions towards cleaner and more sustainable energy alternatives;
- Dependency on commodity prices: Pioneer Natural Resources’ revenue and profitability are tied to oil and natural gas prices, which can be unpredictable and subject to market fluctuations;
- Operational risks: The exploration and production of oil and natural gas involve complex technologies and sophisticated operations. If Pioneer Natural Resources experiences failures or operational mishaps, its profitability will decrease.
Common mistakes to avoid when buying Pioneer Natural Resources stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the trends in the energy market, especially the status of the ongoing fossil fuels-renewable energy transition, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not invest: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Pioneer Natural Resources stock
Is Pioneer Natural Resources a public company?
Pioneer Natural Resources is a public company trading on the NYSE, with a ticker symbol PXD.
Did Pioneer Natural Resources stock split?
Pioneer Natural Resources stock never split.
What's Pioneer Natural Resources' stock symbol?
Investors can find Pioneer Natural Resources on the NYSE stock exchange under the ticker symbol PXD.
Why should I invest in Pioneer Natural Resources?
Pioneer Natural Resources is an integral player in the traditional energy sector, providing low-cost oil and natural gas. If these commodities remain in high demand, the company will likely remain profitable.
Is Pioneer Natural Resources a buy?
The answer depends on whether the fossil fuels industry continues to perform and on the general state of the energy sector. Make sure to do your own research before investing.
How do I buy Pioneer Natural Resources stock?
To buy Pioneer Natural Resources stock, register an account with an investing platform, find the company listing, place an order, and purchase the shares.
Where can I buy Pioneer Natural Resources stock online?
Investors can buy Pioneer Natural Resources stock online from the market that lists it using a brokerage platform like eToro.
Who bought out Pioneer Natural Resources?
As of February 2024, Pioneer is undergoing acquisition by ExxonMobil. If successful, it will represent the largest merger in the energy industry in 20 years.
Does Pioneer Natural Resources pay a dividend?
Pioneer Natural Resources stock has a dividend yield of 6.0% as of February 2024.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
