Insider Selling: Pioneer Natural Resources EVP Unloads 11,246 Shares of Stock (PXD)
Pioneer Natural Resources (NYSE:PXD) EVP William F. Hannes unloaded 11,246 shares of the stock on the open market in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $223.07, for a total transaction of $2,508,645.22. Following the completion of the transaction, the executive vice president now directly owns 76,391 shares of the company’s stock, valued at approximately $17,040,540. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Pioneer Natural Resources (NYSE:PXD) traded down 0.35% during mid-day trading on Thursday, hitting $223.00. The stock had a trading volume of 1,750,315 shares. Pioneer Natural Resources has a one year low of $138.91 and a one year high of $227.42. The stock’s 50-day moving average is $204.3 and its 200-day moving average is $189.1. The company’s market cap is $31.899 billion.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.19. The company had revenue of $963.00 million for the quarter, compared to the consensus estimate of $867.70 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $5.55 EPS for the current fiscal year.
A number of research firms have recently commented on PXD. Analysts at FBR Capital Markets raised their price target on shares of Pioneer Natural Resources from $250.00 to $275.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note on Monday, May 26th. They now have a $212.00 price target on the stock. Finally, analysts at KLR Group upgraded shares of Pioneer Natural Resources from a “reduce” rating to a “hold” rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $214.19.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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