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 stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $160.00, for a total transaction of $320,000.00. Following the completion of the transaction, the senior vice president now directly owns 38,101 shares of the company’s stock, valued at $6,096,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $186.15 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $31,339.34, a price-to-earnings ratio of 258.54, a price-to-earnings-growth ratio of 4.90 and a beta of 0.97. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. equities research analysts predict that Pioneer Natural Resources will post 1.62 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in shares of Pioneer Natural Resources by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 768,072 shares of the oil and gas development company’s stock worth $122,569,000 after purchasing an additional 4,298 shares during the period. BB&T Securities LLC lifted its holdings in Pioneer Natural Resources by 108.7% during the 2nd quarter. BB&T Securities LLC now owns 4,726 shares of the oil and gas development company’s stock valued at $754,000 after buying an additional 2,462 shares in the last quarter. Marshall Wace LLP bought a new stake in Pioneer Natural Resources during the 2nd quarter valued at about $2,524,000. State Board of Administration of Florida Retirement System lifted its holdings in Pioneer Natural Resources by 3.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 243,767 shares of the oil and gas development company’s stock valued at $38,900,000 after buying an additional 7,715 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its holdings in Pioneer Natural Resources by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after buying an additional 30 shares in the last quarter. 90.69% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on PXD shares. BMO Capital Markets restated a “buy” rating and issued a $225.00 target price on shares of Pioneer Natural Resources in a report on Thursday. Mizuho restated a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, November 3rd. JPMorgan Chase & Co. set a $185.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Credit Suisse Group initiated coverage on shares of Pioneer Natural Resources in a research report on Monday, December 11th. They issued an “outperform” rating and a $192.00 price target on the stock. Finally, Williams Capital decreased their price target on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus 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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