Pioneer Natural Resources (NYSE:PXD) CAO Frank Hall sold 2,077 shares of Pioneer Natural Resources stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $188.75, for a total transaction of $392,033.75. Following the completion of the transaction, the chief accounting officer now directly owns 16,761 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PXD. Analysts at Topeka Capital Markets downgraded shares of Pioneer Natural Resources (NYSE:PXD) from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $195.00 price target on the stock, down previously from $200.00. Separately, analysts at Wunderlich initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a research note to investors on Friday. They set a “buy” rating and a $197.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research note to investors on Tuesday, September 3rd. They now have a $184.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $171.19.
Pioneer Natural Resources (NYSE:PXD) traded up 0.09% on Monday, hitting $185.00. 742,486 shares of the company’s stock traded hands. Pioneer Natural Resources has a 52 week low of $99.75 and a 52 week high of $190.15. The stock has a 50-day moving average of $173.5 and a 200-day moving average of $144.6. The company has a market cap of $25.631 billion and a P/E ratio of 50.60.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.13 by $0.03. The company had revenue of $845.10 million for the quarter, compared to the consensus estimate of $893.17 million. During the same quarter last year, the company posted $0.78 earnings per share. Pioneer Natural Resources’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources will post $4.76 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 11th. Shareholders of record on Monday, September 30th will be given a dividend of $0.04 per share. This represents a yield of 0.05%. The ex-dividend date of this dividend is Thursday, September 26th.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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