Pioneer Natural Resources Company (NYSE:PXD) SVP Mark H. Kleinman sold 2,582 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total value of $408,911.34. Following the transaction, the senior vice president now owns 12,861 shares of the company’s stock, valued at $2,036,796.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at $156.35 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The firm has a market capitalization of $26,590.00, a PE ratio of 109.90, a PEG ratio of 10.04 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the 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 analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.13 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. research analysts forecast that Pioneer Natural Resources Company will post 1.53 earnings per share for the current fiscal year.
A number of brokerages recently commented on PXD. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Wednesday, October 11th. Jefferies Group set a $171.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Barclays raised their target price on Pioneer Natural Resources from $136.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, Cowen restated a “buy” rating and set a $210.00 target price on shares of Pioneer Natural Resources in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $194.20.
Several hedge funds and other institutional investors have recently modified their holdings of PXD. Capital World Investors raised its position in shares of Pioneer Natural Resources by 45.4% during the 2nd 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. increased 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 worth $319,475,000 after buying an additional 1,757,576 shares during the period. Boston Partners increased its position in Pioneer Natural Resources by 48.5% during the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after buying an additional 716,266 shares during the period. Point72 Asset Management L.P. increased 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 worth $109,145,000 after buying an additional 709,663 shares during the period. Finally, Janus Henderson Group PLC increased 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 worth $92,095,000 after buying an additional 530,517 shares during the period. 90.89% 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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