Pioneer Natural Resources Company (NYSE:PXD) EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total value of $279,414.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Pioneer Natural Resources Company (NYSE PXD) traded up $1.18 during trading on Friday, reaching $152.22. The company had a trading volume of 952,638 shares, compared to its average volume of 1,882,069. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The firm has a market cap of $25,690.00, a price-to-earnings ratio of 106.86, a PEG ratio of 10.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.13 EPS. Pioneer Natural Resources’s revenue for the quarter was up 23.1% compared to the same quarter last year. analysts anticipate that Pioneer Natural Resources Company will post 1.42 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Pioneer Natural Resources by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after buying an additional 295,861 shares during the last quarter. Capital World Investors raised its position in Pioneer Natural Resources by 45.4% in the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after buying an additional 2,500,000 shares during the last quarter. Carmignac Gestion raised its position in Pioneer Natural Resources by 10.7% in the 2nd quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after buying an additional 292,612 shares during the last quarter. American Century Companies Inc. raised its position in Pioneer Natural Resources by 20.2% in the 3rd quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock valued at $337,410,000 after buying an additional 384,485 shares during the last quarter. Finally, Boston Partners raised its position in Pioneer Natural Resources by 48.5% in the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, October 11th. Jefferies Group LLC set a $171.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Barclays PLC raised their price target on Pioneer Natural Resources from $136.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, Cowen and Company reiterated a “buy” rating and issued a $210.00 price target on shares of Pioneer Natural Resources in a report on Sunday, September 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $194.07.
About Pioneer Natural Resources
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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