Pioneer Natural Resources (NYSE:PXD) has been given a consensus rating of “Buy” by the thirty-three research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $214.36.
A number of equities analysts recently commented on PXD shares. TheStreet upgraded shares of Pioneer Natural Resources from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. SunTrust Banks reiterated a “buy” rating and set a $180.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Mizuho reiterated a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Jefferies Group boosted their target price on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, KeyCorp set a $180.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, October 21st.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up $7.33 during mid-day trading on Wednesday, hitting $179.50. 1,665,853 shares of the company were exchanged, compared to its average volume of 1,890,640. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $30,080.00, a P/E ratio of 36.63, a P/E/G ratio of 2.90 and a beta of 0.92. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.40.
Pioneer Natural Resources announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas development company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.16 dividend. This represents a dividend yield of 0.18%. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio is presently 1.63%.
In other news, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total value of $408,911.34. Following the completion of the sale, the senior vice president now directly owns 12,861 shares of the company’s stock, valued at $2,036,796.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total transaction of $310,680.00. Following the completion of the sale, the executive vice president now directly owns 22,964 shares of the company’s stock, valued at $3,963,586.40. The disclosure for this sale can be found here. Insiders sold 25,306 shares of company stock valued at $4,164,925 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Pioneer Natural Resources by 11.4% during the fourth quarter. BlackRock Inc. now owns 13,552,443 shares of the oil and gas development company’s stock worth $2,342,540,000 after purchasing an additional 1,389,479 shares in the last quarter. Boston Partners raised its holdings in Pioneer Natural Resources by 51.2% during 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 purchasing an additional 766,124 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Pioneer Natural Resources by 2,357.7% during the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after purchasing an additional 709,663 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Pioneer Natural Resources during the third quarter worth about $75,317,000. Finally, Swedbank raised its holdings in Pioneer Natural Resources by 31.4% during the third quarter. Swedbank now owns 1,797,382 shares of the oil and gas development company’s stock worth $265,186,000 after purchasing an additional 429,705 shares in the last quarter. 90.58% 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.
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