Pioneer Natural Resources: Get Your Annualized Yield Of 13%
Pioneer Natural Resources openly discusses the fact that it has one of the highest dividend yields, combined with share repurchases when compared with its peers. Pioneer declares that with WTI at $100, shareholders should expect $27 in dividends, along with share repurchases, the yield reaches 13%. Pioneer Natural Resources has a very strong balance sheet, where it has an eye towards net debt to EBITDAX of 0.1x by year-end. Pioneer Natural Resources is priced at approximately 6x free cash flow. I rate the stock a buy.