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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Jun. 26, 12:30 AM

Slide #19. Pioneer Natural Resources Company Secondary Offering

Company: Pioneer Natural Resources Company (NYSE:PXD)
Date announced: 6/15/2016
Shares Offered: 5,250,000
Date of Pricing: 6/15/2016
Price Per Share: $157.52
Secondary Offering Details: Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or the "Company") today announced that it is commencing an underwritten public offering of 5.25 million shares of its common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 787,500 shares of the Company's common stock. Credit Suisse, J.P. Morgan, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers for the offering. The underwriters may offer the shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. -updated 5/15- Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or the "Company") today announced that it has priced an underwritten public offering of 5.25 million shares of its common stock for gross proceeds of approximately $827 million. The Company has granted the underwriters an option for 30 days to purchase up to an additional 787,500 shares of the Company's common stock. Credit Suisse, J.P. Morgan, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers for the offering. The underwriters may offer the shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is expected to close on or about June 21, 2016, subject to customary closing conditions.

Pioneer Natural Resources is a holding company. Through its subsidiaries, Co. is engaged as an oil and gas exploration and production company. Co. explores for, develops and produces oil and gas reserves, and sells oil, natural gas liquid and gas units. Co. has field operations in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado and the West Panhandle field in the Texas Panhandle. As of Dec 31 2015, Co. had proved reserves of 664.4 million barrels of oil equivalent.

Pioneer Natural Resources SEC Filing Email Alerts Service

Open the PXD Page at The Online Investor »

Company Name:  Pioneer Natural Resources Co
Website:  www.pxd.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding PXD:  71
Total Market Value Held by ETFs:  $1.49B
Total Market Capitalization:  $25.96B
% of Market Cap. Held by ETFs:  5.74%
 

Open the PXD Page at The Online Investor (in a new window) »

June 26, 2016    12:30 AM Eastern
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Strong Buy (3.68 out of 4)
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