Insider Selling: Pioneer Natural Resources EVP Unloads 1,500 Shares of Stock (PXD)
Pioneer Natural Resources (NYSE:PXD) EVP Mark Stephen Berg unloaded 1,500 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $230.03, for a total transaction of $345,045.00. Following the completion of the transaction, the executive vice president now directly owns 53,654 shares of the company’s stock, valued at approximately $12,342,030. The transaction was disclosed in a filing with the SEC, which is available at this link.
PXD has been the subject of a number of recent research reports. Analysts at GMP Securities initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday. They set a “buy” rating and a $286.00 price target on the stock. Separately, analysts at Global Hunter Securities downgraded shares of Pioneer Natural Resources from a “buy” rating to an “accumulate” rating in a research note on Tuesday, June 17th. They now have a $260.00 price target on the stock, up previously from $220.00. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $218.59.
Pioneer Natural Resources (NYSE:PXD) traded down 4.78% during mid-day trading on Tuesday, hitting $221.65. The stock had a trading volume of 1,891,650 shares. Pioneer Natural Resources has a one year low of $138.91 and a one year high of $233.92. The stock’s 50-day moving average is $212.3 and its 200-day moving average is $191.8. The company’s market cap is $31.706 billion.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data 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 $5.58 EPS for the current fiscal year.
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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