Wolfe Research lowered shares of Pioneer Natural Resources Company (NYSE:PXD) from an outperform rating to a market perform rating in a research note issued to investors on Monday, October 16th, The Fly reports. They currently have $143.78 price target on the oil and gas development company’s stock.
A number of other analysts have also recently weighed in on the company. Jefferies Group LLC set a $171.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a research report on Tuesday, August 29th. Zacks Investment Research downgraded Pioneer Natural Resources from a hold rating to a sell rating in a research note on Monday, July 17th. BMO Capital Markets cut their target price on Pioneer Natural Resources from $240.00 to $230.00 and set an outperform rating for the company in a research note on Friday, July 14th. Stifel Nicolaus set a $248.00 target price on Pioneer Natural Resources and gave the stock a buy rating in a research note on Thursday, October 5th. Finally, Citigroup Inc. cut 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $194.08.
Shares of Pioneer Natural Resources (NYSE PXD) opened at 141.98 on Monday. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83. The company has a 50-day moving average of $143.12 and a 200 day moving average of $154.93. The company has a market cap of $24.15 billion, a PE ratio of 143.27 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned ($0.22) EPS. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities research analysts expect that Pioneer Natural Resources will post $1.17 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is currently 8.16%.
In related news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew F. Cates bought 350 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders purchased 1,200 shares of company stock worth $161,102 in the last quarter. 0.89% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its position in Pioneer Natural Resources by 0.4% in the first quarter. Teachers Advisors LLC now owns 455,546 shares of the oil and gas development company’s stock valued at $84,836,000 after purchasing an additional 1,874 shares during the period. PNC Financial Services Group Inc. raised its position in Pioneer Natural Resources by 4.9% in the first quarter. PNC Financial Services Group Inc. now owns 30,584 shares of the oil and gas development company’s stock valued at $5,695,000 after purchasing an additional 1,437 shares during the period. Investec Asset Management LTD raised its position in Pioneer Natural Resources by 65.1% in the first quarter. Investec Asset Management LTD now owns 223,752 shares of the oil and gas development company’s stock valued at $41,669,000 after purchasing an additional 88,265 shares during the period. QUANTRES ASSET MANAGEMENT Ltd raised its position in Pioneer Natural Resources by 39.1% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 3,200 shares of the oil and gas development company’s stock valued at $596,000 after purchasing an additional 900 shares during the period. Finally, Legal & General Group Plc raised its position in Pioneer Natural Resources by 5.1% in the first quarter. Legal & General Group Plc now owns 763,774 shares of the oil and gas development company’s stock valued at $142,237,000 after purchasing an additional 37,366 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.
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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