Pioneer Natural Resources Company (NYSE:PXD) Chairman Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total transaction of $805,700.00. Following the transaction, the chairman now directly owns 585,466 shares in the company, valued at $94,341,991.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Pioneer Natural Resources Company (PXD) opened at $156.92 on Tuesday. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83. The firm has a market capitalization of $27,044.37, a price-to-earnings ratio of 111.14, a PEG ratio of 11.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. equities research analysts predict that Pioneer Natural Resources Company will post 1.4 EPS for the current year.
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A number of brokerages have issued reports on PXD. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. Mizuho reaffirmed a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $194.07.
Several institutional investors have recently made changes to their positions in PXD. GWM Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at $100,000. Commonwealth Bank of Australia increased its stake in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares during the period. BDO Wealth Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at $120,000. WFG Advisors LP increased its stake in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after buying an additional 102 shares during the period. Finally, Grove Bank & Trust increased its stake in shares of Pioneer Natural Resources by 112.3% during the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after buying an additional 620 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.
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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