XLE - Pioneer Natural Resources: Rewards Shareholders With FCF But Is Undervalued

May, 11 2022 05:42 PM SPDR Select Sector Fund - Energy Select Sector

Pioneer Natural Resources reported tremendous YOY growth in terms of every single financial metric.
The company benefited from both higher energy prices and production than in the year-ago quarter.
The company is unlikely to deliver much in the way of growth over the course of this year because it is not planning any sort of production increase.
Pioneer Natural Resources is returning more than 80% of its FCF to its investors, so it will still provide good rewards even without growth.
The stock appears undervalued at the current price.

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Company Name:	SPDR Select Sector Fund - Energy Select Sector
Stock Symbol:	XLE
Market:	NYSE