Pioneer Natural Resources Company (NYSE:PXD) CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares in the company, valued at approximately $41,784,934.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Pioneer Natural Resources Company (PXD) opened at $156.92 on Tuesday. The firm has a market capitalization of $27,044.37, a price-to-earnings ratio of 111.14, a price-to-earnings-growth ratio of 11.11 and a beta of 0.96. Pioneer Natural Resources Company has a twelve month low of $125.46 and a twelve month high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 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, beating the Zacks’ consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. equities research analysts expect that Pioneer Natural Resources Company will post 1.4 earnings per share for the current year.
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Several analysts have issued reports on PXD shares. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Morgan Stanley dropped their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Mizuho restated a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Finally, Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $194.07.
Hedge funds have recently modified their holdings of the business. GWM Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $100,000. Commonwealth Bank of Australia boosted its holdings in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $120,000. WFG Advisors LP boosted its holdings in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of Pioneer Natural Resources by 112.3% in the 2nd quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after purchasing an additional 620 shares in the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.
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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