ExxonMobil has successfully completed the acquisition of
Pioneer Natural Resources (PXD) in an all-stock transaction. This news has triggered various discussions revolving around pricing, performance, and future prospects. The
FTC has greenlighted the deal, alleging that some co-founder of shale was colluding with OPEC. The merger has resulted in a sharp increase in public attention on PXD, leading to an upgrade rated as a 'Buy'.
PXD has been outperforming the market gains and is exceeding the expectations for the Q1 earnings release. However, question marks hover over whether or not it's the right time to sell this stock, and opinion seems split. Recently, Director Phillip Gobe sold his PXD shares as the market took a dip. PXD posted strong 2023 results with impressive free cash flow. Surprisingly, the stock performed well despite losses on certain days. As a result of all these triggers, PXD is being searched heavily by investors. On a side note, oil prices play a vital role in PXD performance and have a direct impact on its stock value. With the completion of this acquisition, Exxon has gained a significant lead in the top US oilfield consolidating their position in the industry.
**EXXON-MOBIL** is indeed making strategic moves.
Pioneer Natural Resource PXD News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Thu, 27 Jun 2024 09:06:00 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -5
