TD Securities assumed coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $240.00 target price on the oil and gas development company’s stock.
PXD has been the topic of several other reports. UBS Group assumed coverage on Pioneer Natural Resources in a report on Wednesday, March 7th. They set a buy rating and a $215.00 price objective on the stock. Goldman Sachs Group upgraded Pioneer Natural Resources from a buy rating to a conviction-buy rating in a report on Thursday, April 12th. Jefferies Financial Group restated a buy rating and set a $240.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 26th. Royal Bank of Canada set a $225.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a report on Friday, April 13th. Finally, ValuEngine upgraded Pioneer Natural Resources from a sell rating to a hold rating in a report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $221.34.
Pioneer Natural Resources stock traded up $1.74 during midday trading on Thursday, hitting $185.07. 20,805 shares of the company were exchanged, compared to its average volume of 1,571,710. The firm has a market capitalization of $31.73 billion, a PE ratio of 84.93, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.26. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $213.40.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.50 by $0.16. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Pioneer Natural Resources had a return on equity of 5.57% and a net margin of 15.56%. Pioneer Natural Resources’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. analysts forecast that Pioneer Natural Resources will post 7.16 earnings per share for the current fiscal year.
In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $212.63, for a total transaction of $2,126,300.00. Following the completion of the transaction, the director now directly owns 566,894 shares in the company, valued at approximately $120,538,671.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy L. Dove sold 2,178 shares of the company’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $212.44, for a total value of $462,694.32. Following the transaction, the chief executive officer now owns 278,901 shares of the company’s stock, valued at $59,249,728.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,265 shares of company stock valued at $14,990,928. 0.92% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC grew its stake in Pioneer Natural Resources by 7.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,883,327 shares of the oil and gas development company’s stock worth $498,383,000 after buying an additional 195,828 shares during the last quarter. Boston Partners grew its stake in Pioneer Natural Resources by 12.7% during the 1st quarter. Boston Partners now owns 2,549,700 shares of the oil and gas development company’s stock worth $437,987,000 after buying an additional 287,344 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in Pioneer Natural Resources by 14.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,250,210 shares of the oil and gas development company’s stock worth $386,541,000 after buying an additional 290,908 shares during the last quarter. Aristotle Capital Management LLC boosted its position in Pioneer Natural Resources by 3.4% during the 1st quarter. Aristotle Capital Management LLC now owns 1,439,164 shares of the oil and gas development company’s stock worth $247,220,000 after acquiring an additional 46,848 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Pioneer Natural Resources by 22.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,313,890 shares of the oil and gas development company’s stock worth $225,701,000 after acquiring an additional 239,489 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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