Pioneer Natural Resources (NYSE:PXD) Director Scott D. Sheffield sold 2,000 shares of Pioneer Natural Resources stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $170.93, for a total transaction of $341,860.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Pioneer Natural Resources (NYSE PXD) traded up $7.33 during trading hours on Wednesday, hitting $179.50. 1,690,000 shares of the stock traded hands, compared to its average volume of 1,900,000. The firm has a market cap of $30,540.00, a PE ratio of 36.63, a PEG ratio of 2.90 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.59 by $0.63. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The business’s revenue for the quarter was up 48.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. sell-side analysts forecast that Pioneer Natural Resources will post 5.46 EPS for the current fiscal year.
Pioneer Natural Resources declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Several analysts recently commented on the stock. Jefferies Group reaffirmed a “buy” rating and set a $238.00 target price on shares of Pioneer Natural Resources in a report on Thursday, February 8th. National Alliance Securities raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a report on Monday. Imperial Capital lifted their target price on shares of Pioneer Natural Resources from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Piper Jaffray Companies set a $226.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, TheStreet raised shares of Pioneer Natural Resources from a “c” rating to a “b” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $211.77.
Several large investors have recently modified their holdings of the company. WFG Advisors LP raised its position 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 valued at $176,000 after buying an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Pioneer Natural Resources by 22.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,472 shares of the oil and gas development company’s stock valued at $254,000 after buying an additional 273 shares in the last quarter. Cobiz Wealth LLC increased its position in Pioneer Natural Resources by 0.8% during the 4th quarter. Cobiz Wealth LLC now owns 33,971 shares of the oil and gas development company’s stock worth $5,872,000 after purchasing an additional 276 shares in the last quarter. E&G Advisors LP increased its position in Pioneer Natural Resources by 5.7% during the 4th quarter. E&G Advisors LP now owns 5,600 shares of the oil and gas development company’s stock worth $968,000 after purchasing an additional 300 shares in the last quarter. Finally, Reliant Investment Management LLC increased its position in Pioneer Natural Resources by 1.5% during the 4th quarter. Reliant Investment Management LLC now owns 22,296 shares of the oil and gas development company’s stock worth $3,854,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 90.58% 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.
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