Stock Traders Purchase Large Volume of Pioneer Natural Resources Put Options (PXD)
Pioneer Natural Resources (NYSE:PXD) saw some unusual options trading on Thursday. Stock investors acquired 5,388 put options on the stock. This represents an increase of 611% compared to the typical volume of 758 put options.
PXD has been the subject of several research analyst reports. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Friday, November 10th. Mizuho set a $190.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. KeyCorp set a $180.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Barclays increased their price objective on Pioneer Natural Resources from $147.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, Stifel Nicolaus set a $248.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $194.20.
Pioneer Natural Resources (PXD) opened at $155.90 on Friday. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83. The stock has a market capitalization of $26,241.19, a P/E ratio of 107.84, a PEG ratio of 9.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.
In related news, 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 have sold a total of 23,072 shares of company stock valued at $3,644,749 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. GWM Advisors LLC bought a new position in Pioneer Natural Resources during the 2nd quarter valued at approximately $100,000. Commonwealth Bank of Australia increased its position 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 buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the 2nd quarter valued at approximately $120,000. WFG Advisors LP increased its position 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 buying an additional 102 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Pioneer Natural Resources during the 3rd quarter valued at approximately $176,000. 90.89% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.