Investors Buy Shares of Pioneer Natural Resources Company (PXD) on Weakness Following Insider Selling

Investors purchased shares of Pioneer Natural Resources Company (NYSE:PXD) on weakness during trading on Monday following insider selling activity. $64.13 million flowed into the stock on the tick-up and $43.75 million flowed out of the stock on the tick-down, for a money net flow of $20.38 million into the stock. Of all stocks tracked, Pioneer Natural Resources had the 26th highest net in-flow for the day. Pioneer Natural Resources traded down ($2.01) for the day and closed at $156.92Specifically, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the sale, the chief executive officer now directly owns 260,083 shares in the company, valued at approximately $41,784,934.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders sold a total of 16,690 shares of company stock valued at $2,647,483 over the last quarter. Company insiders own 0.89% of the company’s stock.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $214.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Friday, November 10th. Mizuho restated a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. Finally, Citigroup Inc. lowered their price target on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $194.07.

The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $26,080.00, a PE ratio of 111.14, a price-to-earnings-growth ratio of 11.11 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data 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. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. equities research analysts anticipate that Pioneer Natural Resources Company will post 1.4 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of PXD. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources during the 2nd quarter valued at $100,000. Commonwealth Bank of Australia boosted its stake in Pioneer Natural Resources by 10.8% during 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 during the last quarter. BDO Wealth Advisors LLC purchased a new stake in Pioneer Natural Resources during the 2nd quarter valued at $120,000. WFG Advisors LP boosted its stake in Pioneer Natural Resources by 10.2% during 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 during the last quarter. Finally, Grove Bank & Trust boosted its stake in Pioneer Natural Resources by 112.3% during 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 during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

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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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