PXD Dividend -- July 26, 2022

Laser-focused on dividends.

PXD dividend history.

Now this, from Michael Fitzsimmons:

• PXD is down 20%-plus since its high in June, even as consensus earnings estimates have risen significantly. 
• Meantime, this week's Barron's pointed out that energy stocks make up ~4% of the S&P 500 yet are expected to account ~12% of the index’s earnings in Q2. 
• PXD is likely to pay out substantially more than $20/share in total dividends (base+variable) this year. 
• Note: most financial websites are not reporting variable dividends/yields very well. Given the price action has been lower, while the earnings consensus has risen, I'm upgrading my rating on PXD from HOLD to BUY.

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