Piper Jaffray Companies restated their buy rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research note published on Tuesday, January 9th. They currently have a $207.00 price objective on the oil and gas development company’s stock.
Several other research analysts also recently issued reports on PXD. Cowen reiterated a buy rating and issued a $210.00 target price on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. Mizuho reissued a buy rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a report on Friday, September 29th. Stifel Nicolaus set a $248.00 price objective on shares of Pioneer Natural Resources and gave the company a buy rating in a report on Thursday, October 5th. Jefferies Group reissued a buy rating and set a $180.00 price objective on shares of Pioneer Natural Resources in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $200.00 target price on shares of Pioneer Natural Resources and gave the company a buy rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $194.73.
Pioneer Natural Resources (PXD) traded up $1.81 during trading hours on Tuesday, reaching $184.32. 1,498,830 shares of the company traded hands, compared to its average volume of 1,490,000. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The company has a market capitalization of $31,350.00, a price-to-earnings ratio of 252.49, a P/E/G ratio of 4.81 and a beta of 0.97.
In related news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $157.57, for a total value of $512,102.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry R. Grillot sold 200 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $159.35, for a total transaction of $31,870.00. Following the completion of the transaction, the director now directly owns 7,097 shares in the company, valued at approximately $1,130,906.95. The disclosure for this sale can be found here. In the last three months, insiders sold 42,916 shares of company stock worth $6,976,992. Insiders own 0.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PXD. Oppenheimer Asset Management Inc. increased its position in Pioneer Natural Resources by 40.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,289 shares of the oil and gas development company’s stock valued at $206,000 after purchasing an additional 371 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Pioneer Natural Resources by 10.8% in 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 buying an additional 67 shares in the last quarter. HPM Partners LLC bought a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at about $333,000. Financial Counselors Inc. boosted its holdings in shares of Pioneer Natural Resources by 80.6% in the 2nd quarter. Financial Counselors Inc. now owns 4,862 shares of the oil and gas development company’s stock valued at $776,000 after buying an additional 2,170 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of Pioneer Natural Resources by 38.0% in the 2nd quarter. Raymond James Trust N.A. now owns 1,678 shares of the oil and gas development company’s stock valued at $268,000 after buying an additional 462 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
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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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