Frank E. Hopkins Sells 2,000 Shares of Pioneer Natural Resources (NYSE:PXD) Stock

Pioneer Natural Resources (NYSE:PXD) SVP Frank E. Hopkins sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $160.00, for a total value of $320,000.00. Following the completion of the transaction, the senior vice president now owns 38,101 shares in the company, valued at approximately $6,096,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Pioneer Natural Resources (NYSE:PXD) opened at $184.17 on Friday. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. The stock has a market cap of $31,330.00, a price-to-earnings ratio of 252.29, a P/E/G ratio of 4.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.

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, topping the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a negative net margin of 1.46% and a negative return on equity of 0.87%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. analysts predict that Pioneer Natural Resources will post 1.61 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in PXD. Capital World Investors grew its position in Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after acquiring an additional 2,500,000 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Pioneer Natural Resources by 706.3% during the second quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock valued at $319,475,000 after buying an additional 1,757,576 shares during the period. Point72 Asset Management L.P. boosted its position in Pioneer Natural Resources by 2,357.7% during the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock valued at $109,145,000 after buying an additional 709,663 shares during the period. Janus Henderson Group PLC boosted its position in Pioneer Natural Resources by 1,138.7% during the second quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock valued at $92,095,000 after buying an additional 530,517 shares during the period. Finally, First Eagle Investment Management LLC purchased a new stake in Pioneer Natural Resources during the third quarter valued at about $75,317,000. Institutional investors own 90.69% of the company’s stock.

A number of research firms recently commented on PXD. BMO Capital Markets reaffirmed a “buy” rating and issued a $225.00 price target on shares of Pioneer Natural Resources in a report on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $207.00 price target on shares of Pioneer Natural Resources in a report on Tuesday. JPMorgan Chase & Co. set a $185.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, January 3rd. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and an average target price of $193.80.

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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.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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