Pioneer Natural Resources (NYSE:PXD) Now Covered by Analysts at StockNews.com

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

Several other analysts have also recently weighed in on PXD. Truist Financial raised their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a hold rating in a research report on Friday, April 5th. Royal Bank of Canada reaffirmed a sector perform rating and set a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Susquehanna increased their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Scotiabank boosted their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Finally, Stifel Nicolaus upped their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a hold rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $264.10.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD opened at $269.62 on Thursday. The firm has a market capitalization of $63.00 billion, a P/E ratio of 13.32 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $267.71 and its two-hundred day simple moving average is $243.53. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the business earned $5.91 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Insider Transactions at Pioneer Natural Resources

In related news, Director J Kenneth Thompson sold 1,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at $4,017,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director J Kenneth Thompson sold 1,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the director now owns 16,070 shares in the company, valued at $4,017,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares in the company, valued at $108,711,848. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,766 shares of company stock worth $9,067,373. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pioneer Natural Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXD. Assenagon Asset Management S.A. increased its stake in shares of Pioneer Natural Resources by 610.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after acquiring an additional 531,418 shares in the last quarter. Banco Santander S.A. lifted its holdings in shares of Pioneer Natural Resources by 7.1% during the third quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after purchasing an additional 3,438 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Pioneer Natural Resources by 5.7% in the 4th quarter. D.A. Davidson & CO. now owns 10,282 shares of the oil and gas development company’s stock worth $2,312,000 after purchasing an additional 554 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Pioneer Natural Resources by 34.2% in the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after buying an additional 112,261 shares during the last quarter. Finally, Lido Advisors LLC increased its position in Pioneer Natural Resources by 60.3% during the 3rd quarter. Lido Advisors LLC now owns 3,154 shares of the oil and gas development company’s stock valued at $724,000 after buying an additional 1,187 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

About Pioneer Natural Resources

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.