Investment analysts at Credit Suisse Group initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report released on Monday, December 11th, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $192.00 price target on the oil and gas development company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 12.20% from the stock’s current price.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, December 4th. KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Barclays raised their price target on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, SunTrust Banks restated a “buy” rating and set a $180.00 price target on shares of Pioneer Natural Resources in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $191.63.
Pioneer Natural Resources (PXD) traded up $2.30 during mid-day trading on Monday, hitting $171.12. 1,439,706 shares of the company traded hands, compared to its average volume of 1,316,834. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The firm has a market capitalization of $28,727.31, a P/E ratio of 237.67, a PEG ratio of 10.48 and a beta of 0.97.
In related news, Director Larry R. Grillot sold 200 shares of Pioneer Natural Resources stock in a transaction on Monday, December 11th. The shares were sold at an average price of $159.35, for a total value of $31,870.00. Following the completion of the sale, the director now owns 7,097 shares of the company’s stock, valued at approximately $1,130,906.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 9th. The shares were 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 of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Insiders sold a total of 35,116 shares of company stock valued at $5,633,412 in the last quarter. 0.89% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PXD. State Board of Administration of Florida Retirement System raised its position in shares of Pioneer Natural Resources by 1.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock worth $36,561,000 after purchasing an additional 4,040 shares during the last quarter. Summit Global Investments grew its holdings in Pioneer Natural Resources by 83.4% during the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after purchasing an additional 4,173 shares during the period. State of Tennessee Treasury Department grew its holdings in Pioneer Natural Resources by 66.4% during the second quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock valued at $30,504,000 after purchasing an additional 76,268 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Pioneer Natural Resources by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock valued at $83,526,000 after purchasing an additional 26,050 shares during the period. Finally, First Washington CORP grew its holdings in Pioneer Natural Resources by 34.0% during the second quarter. First Washington CORP now owns 16,385 shares of the oil and gas development company’s stock valued at $2,615,000 after purchasing an additional 4,160 shares during the period. 90.69% of the stock is owned by institutional investors and hedge funds.
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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.
