Pioneer Natural Resources (NYSE:PXD) was downgraded by SunTrust Banks from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $180.00 price target on the oil and gas development company’s stock. SunTrust Banks’ price objective would suggest a potential upside of 3.48% from the stock’s current price.
A number of other equities research analysts have also weighed in on PXD. Stifel Nicolaus set a $260.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, January 30th. B. Riley began coverage on shares of Pioneer Natural Resources in a report on Monday. They set a “buy” rating and a $305.00 price objective on the stock. Wolfe Research raised shares of Pioneer Natural Resources from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 30th. Morgan Stanley boosted their price objective on shares of Pioneer Natural Resources from $197.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Williams Capital dropped their price objective on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $201.77.
Shares of Pioneer Natural Resources (NYSE PXD) traded up $2.13 on Tuesday, hitting $173.95. 2,660,000 shares of the stock were exchanged, compared to its average volume of 1,640,000. The stock has a market capitalization of $29,600.00, a price-to-earnings ratio of 238.29, a PEG ratio of 3.95 and a beta of 0.92. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.
In other Pioneer Natural Resources news, SVP Frank E. Hopkins sold 1,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $171.00, for a total value of $171,000.00. Following the completion of the transaction, the senior vice president now owns 37,101 shares in the company, valued at $6,344,271. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total transaction of $310,680.00. Following the completion of the transaction, the executive vice president now owns 22,964 shares of the company’s stock, valued at approximately $3,963,586.40. The disclosure for this sale can be found here. Insiders have sold 39,666 shares of company stock valued at $6,464,889 over the last 90 days. 0.89% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its position in shares of Pioneer Natural Resources by 20.2% in the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock worth $337,410,000 after acquiring an additional 384,485 shares during the period. Boston Partners raised its position in shares of Pioneer Natural Resources by 51.2% in the fourth quarter. Boston Partners now owns 2,262,356 shares of the oil and gas development company’s stock worth $391,048,000 after acquiring an additional 766,124 shares during the period. Ameriprise Financial Inc. raised its position in shares of Pioneer Natural Resources by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 2,031,598 shares of the oil and gas development company’s stock worth $299,386,000 after acquiring an additional 25,163 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Pioneer Natural Resources by 1.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,844,299 shares of the oil and gas development company’s stock worth $272,108,000 after acquiring an additional 34,109 shares during the period. Finally, Swedbank raised its position in shares of Pioneer Natural Resources by 31.4% in the third quarter. Swedbank now owns 1,797,382 shares of the oil and gas development company’s stock worth $265,186,000 after acquiring an additional 429,705 shares during the period. Institutional investors and hedge funds own 90.97% of the company’s stock.
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.
