Pioneer Natural Resources (NYSE:PXD) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a research note published on Sunday. The firm issued a hold rating on the oil and gas development company’s stock.

Other equities research analysts also recently issued research reports about the company. Susquehanna raised their price target on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a neutral rating in a research report on Monday, March 4th. Royal Bank of Canada restated a sector perform rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Mizuho raised their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a neutral rating in a research report on Tuesday, March 19th. Stifel Nicolaus lowered their price target on Pioneer Natural Resources from $243.00 to $224.00 and set a hold rating on the stock in a research report on Tuesday, January 23rd. Finally, Scotiabank raised their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a sector perform rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pioneer Natural Resources currently has a consensus rating of Hold and a consensus price target of $264.10.

Pioneer Natural Resources Trading Up 0.6 %

Shares of PXD stock opened at $275.12 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The company has a market capitalization of $64.27 billion, a PE ratio of 13.59 and a beta of 1.31. The business’s fifty day moving average is $252.53 and its 200 day moving average is $239.17.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the business posted $5.91 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Pioneer Natural Resources will post 21.5 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.72%. Pioneer Natural Resources’s payout ratio is presently 24.70%.

Insider Buying and Selling

In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock valued at $9,067,373 over the last ninety days. 0.55% of the stock is owned by insiders.

Institutional Trading of Pioneer Natural Resources

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Pioneer Natural Resources by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,015,751 shares of the oil and gas development company’s stock valued at $4,594,616,000 after acquiring an additional 113,751 shares in the last quarter. Clearbridge Investments LLC boosted its position in Pioneer Natural Resources by 7.6% during the 3rd quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after acquiring an additional 231,470 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Pioneer Natural Resources by 25.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock valued at $743,734,000 after acquiring an additional 662,891 shares in the last quarter. Northern Trust Corp boosted its position in Pioneer Natural Resources by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,497,868 shares of the oil and gas development company’s stock valued at $573,386,000 after acquiring an additional 54,841 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Pioneer Natural Resources by 7.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock valued at $443,574,000 after acquiring an additional 134,982 shares in the last quarter. 80.57% of the stock is owned by institutional investors.

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.