Traders Purchase Large Volume of Call Options on Pioneer Natural Resources (PXD)
Pioneer Natural Resources Company (NYSE:PXD) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 14,762 call options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 call options.
PXD has been the topic of a number of analyst reports. Williams Capital set a $184.00 price objective on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Morgan Stanley reduced their price objective on shares of 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 downgraded shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and reduced their price target 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 target on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $194.21.
Shares of Pioneer Natural Resources (PXD) opened at $150.29 on Friday. The stock has a market capitalization of $25.14 billion, a P/E ratio of 103.36, a P/E/G ratio of 11.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.84 and a current ratio of 1.69.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. equities research analysts predict that Pioneer Natural Resources will post 1.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 11.11%.
In other news, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Insiders have acquired 1,200 shares of company stock worth $161,102 over the last quarter. Corporate insiders own 0.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PXD. Oppenheimer Asset Management Inc. acquired a new stake in Pioneer Natural Resources in the 1st quarter valued at $172,000. Harbour Capital Advisors LLC acquired a new stake in Pioneer Natural Resources in the 1st quarter valued at $260,000. Almanack Investment Partners LLC. acquired a new stake in Pioneer Natural Resources in the 1st quarter valued at $195,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Pioneer Natural Resources by 10.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,400 shares of the oil and gas development company’s stock valued at $1,006,000 after purchasing an additional 500 shares during the period. Finally, Covington Capital Management grew its position in Pioneer Natural Resources by 249.3% in the 1st quarter. Covington Capital Management now owns 4,904 shares of the oil and gas development company’s stock valued at $913,000 after purchasing an additional 3,500 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.
Pioneer Natural Resources Company Profile
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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