Pioneer Natural Resources Company (PXD) EVP Sells $512,102.50 in Stock
Pioneer Natural Resources Company (NYSE:PXD) EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $157.57, for a total transaction of $512,102.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Pioneer Natural Resources Company (PXD) traded down $2.10 on Wednesday, reaching $159.57. 1,949,735 shares of the company’s stock traded hands, compared to its average volume of 1,940,000. 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 Company has a 1 year low of $125.46 and a 1 year high of $199.83. The firm has a market capitalization of $27,130.00, a P/E ratio of 111.05, a price-to-earnings-growth ratio of 11.77 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. analysts forecast that Pioneer Natural Resources Company will post 1.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.10%. Pioneer Natural Resources’s payout ratio is 10.96%.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GWM Advisors LLC acquired a new position in Pioneer Natural Resources during the second quarter worth $100,000. Commonwealth Bank of Australia grew its stake in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth $120,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources in the 1st quarter worth $172,000. Finally, WFG Advisors LP grew its stake in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.
Several equities analysts have commented on PXD shares. BMO Capital Markets decreased their target price on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and issued a $268.00 target price on shares of Pioneer Natural Resources in a report on Friday, July 14th. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Cowen and Company set a $210.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. decreased their price target on shares of Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $193.62.
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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