Traders Sell Pioneer Natural Resources (PXD) on Strength on Insider Selling

Investors sold shares of Pioneer Natural Resources (NYSE:PXD) on strength during trading on Tuesday following insider selling activity. $62.65 million flowed into the stock on the tick-up and $82.25 million flowed out of the stock on the tick-down, for a money net flow of $19.60 million out of the stock. Of all companies tracked, Pioneer Natural Resources had the 0th highest net out-flow for the day. Pioneer Natural Resources traded up $2.87 for the day and closed at $173.99Specifically, EVP Chris J. Cheatwood sold 2,201 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $167.82, for a total transaction of $369,371.82. Following the completion of the sale, the executive vice president now directly owns 42,909 shares of the company’s stock, valued at $7,200,988.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott D. Sheffield sold 5,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $172.38, for a total value of $861,900.00. Following the sale, the director now directly owns 576,066 shares of the company’s stock, valued at $99,302,257.08. The disclosure for this sale can be found here. Insiders have sold 41,116 shares of company stock valued at $6,666,312 over the last ninety days. 0.89% of the stock is currently owned by company insiders.

PXD has been the subject of a number of recent research reports. Royal Bank of Canada set a $201.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Sunday, October 15th. Zacks Investment Research downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Piper Jaffray Companies decreased their target price on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. SunTrust Banks reissued a “buy” rating and issued a $180.00 target price on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Finally, Sanford C. Bernstein raised their target price on Pioneer Natural Resources from $173.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $192.27.

The stock has a market cap of $29,118.69, a PE ratio of 239.50, a price-to-earnings-growth ratio of 10.51 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results 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. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. equities analysts anticipate that Pioneer Natural Resources will post 1.59 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GWM Advisors LLC bought a new stake in Pioneer Natural Resources during the second quarter valued at $100,000. Commonwealth Bank of Australia boosted its stake in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares during the period. WFG Advisors LP boosted its stake in Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after buying an additional 102 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Pioneer Natural Resources during the third quarter valued at $176,000. Finally, Sun Life Financial INC boosted its stake in Pioneer Natural Resources by 7,229.4% during the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after buying an additional 1,229 shares during the period. Institutional investors own 90.69% of the company’s stock.

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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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