Pioneer Natural Resources (NYSE:PXD) has earned an average rating of “Buy” from the thirty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $194.53.
PXD has been the subject of a number of research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $207.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, January 9th. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, January 3rd. Royal Bank of Canada set a $201.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Sunday, October 15th. Finally, Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Thursday, October 12th.
Shares of Pioneer Natural Resources (PXD) traded down $1.21 during trading on Friday, reaching $183.17. 1,668,107 shares of the company were exchanged, compared to its average volume of 1,480,000. The company has a market capitalization of $31,160.00, a P/E ratio of 250.92, a price-to-earnings-growth ratio of 4.40 and a beta of 0.97. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.
In other news, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value 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 $41,784,934.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry R. Grillot sold 200 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $159.35, for a total transaction of $31,870.00. Following the completion of the sale, the director now directly owns 7,097 shares of the company’s stock, valued at $1,130,906.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,916 shares of company stock valued at $6,976,992. Corporate insiders own 0.89% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of PXD. GWM Advisors LLC purchased a new position in Pioneer Natural Resources during the second quarter valued at $100,000. WFG Advisors LP grew its stake in Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Pioneer Natural Resources during the third quarter valued at $176,000. Sun Life Financial INC grew its stake in Pioneer Natural Resources by 7,229.4% during the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after acquiring an additional 1,229 shares in the last quarter. Finally, GeoSphere Capital Management purchased a new position in Pioneer Natural Resources during the second quarter valued at $199,000. 90.77% of the stock is owned by institutional investors.
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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.
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