Pioneer Natural Resources (NYSE:PXD) EVP Chris J. Cheatwood sold 2,201 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $167.82, for a total transaction of $369,371.82. Following the transaction, the executive vice president now directly owns 42,909 shares in the company, valued at $7,200,988.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Pioneer Natural Resources (NYSE PXD) opened at $186.15 on Friday. The firm has a market cap of $31,676.21, a price-to-earnings ratio of 258.54, a price-to-earnings-growth ratio of 4.95 and a beta of 0.97. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.
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 Zacks’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. sell-side analysts anticipate that Pioneer Natural Resources will post 1.64 EPS for the current fiscal year.
PXD has been the topic of a number of recent research reports. Cowen reissued a “buy” rating and set a $210.00 target price on shares of Pioneer Natural Resources in a research report on Sunday, September 17th. Piper Jaffray Companies reduced their target price on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Mizuho reissued a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Stifel Nicolaus set a $248.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Jefferies Group reissued a “buy” rating and set a $180.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-five have given a buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus target price of $193.80.
Several institutional investors have recently added to or reduced their stakes in PXD. Capital World Investors grew its position in shares of Pioneer Natural Resources by 45.4% during 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 during the last quarter. Ameriprise Financial Inc. grew its position in shares of 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 acquiring an additional 1,757,576 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of 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 acquiring an additional 709,663 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of 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 acquiring an additional 530,517 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth about $75,317,000. Institutional investors and hedge funds own 90.69% of the company’s stock.
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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.
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