Pioneer Natural Resources Company (NYSE:PXD) EVP Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.79, for a total value of $321,580.00. Following the transaction, the executive vice president now directly owns 50,719 shares of the company’s stock, valued at $8,155,108.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Pioneer Natural Resources Company (PXD) opened at $152.81 on Wednesday. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $26,702.34, a PE ratio of 109.73, a PEG ratio of 10.97 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.13 EPS. Pioneer Natural Resources’s revenue for the quarter was up 23.1% on a year-over-year basis. analysts forecast that Pioneer Natural Resources Company will post 1.4 earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the company. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources during the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia lifted its holdings in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the 2nd quarter valued at about $120,000. WFG Advisors LP lifted its holdings in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of Pioneer Natural Resources by 112.3% during the 2nd quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after purchasing an additional 620 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.
A number of research analysts have issued reports on PXD shares. Cowen and Company set a $210.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. lowered their target price on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, July 21st. BidaskClub lowered Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $194.07.
Pioneer Natural Resources Company Profile
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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