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home / articles / pioneer natural resources downgraded amid exxon mobi mwn benzinga

XOM - Pioneer Natural Resources Downgraded Amid Exxon Mobil Acquisition: Here's Why | Benzinga

Exxon Mobil Corporation

Mizuho Securities analyst Nitin Kumar downgraded Pioneer Natural Resources Co (NYSE: PXD) to Neutral from Buy and maintained the price target at $301.

The analyst downgraded the stock, reflecting the pending acquisition by Exxon Mobil Corp (NYSE: XOM).

Kumar revised estimates to reflect the company's updated FY23 volume and capex guidance.

The company reported Q3 FY23 adj. EPS of $5.83, beating the consensus of $5.55, and revenue of $3.46 billion, Full story available on Benzinga.com
Stock Information
Company Name: Exxon Mobil Corporation
Stock Symbol: XOM
Market: NYSE
Website: exxonmobil.com
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