Pioneer Natural Resources (NYSE:PXD) Given New $278.00 Price Target at Susquehanna

Pioneer Natural Resources (NYSE:PXD) had its price target lifted by Susquehanna from $246.00 to $278.00 in a report published on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the oil and gas development company’s stock.

Other equities analysts have also recently issued reports about the stock. Scotiabank upped their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Mizuho lifted their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a neutral rating in a research note on Tuesday, March 19th. Truist Financial increased their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a hold rating in a research report on Friday, April 5th. Stifel Nicolaus reduced their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a hold rating on the stock in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada reissued a sector perform rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Pioneer Natural Resources has an average rating of Hold and an average target price of $261.55.

Pioneer Natural Resources Trading Up 1.1 %

Shares of Pioneer Natural Resources stock opened at $273.38 on Monday. The firm’s 50-day moving average price is $251.56 and its two-hundred day moving average price is $238.90. The company has a market capitalization of $63.87 billion, a price-to-earnings ratio of 13.51 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a 12-month low of $196.74 and a 12-month high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. Pioneer Natural Resources’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.91 earnings per share. On average, analysts forecast that Pioneer Natural Resources will post 21.5 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a dividend of $2.56 per share. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a yield of 3.75%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Insider Buying and Selling at Pioneer Natural Resources

In other news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Pioneer Natural Resources news, Director Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the transaction, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PXD. Strategic Financial Concepts LLC bought a new position in shares of Pioneer Natural Resources during the 1st quarter worth approximately $214,000. Nilsine Partners LLC increased its position in shares of Pioneer Natural Resources by 7.6% during the first quarter. Nilsine Partners LLC now owns 1,284 shares of the oil and gas development company’s stock valued at $337,000 after acquiring an additional 91 shares during the last quarter. PFG Investments LLC lifted its holdings in Pioneer Natural Resources by 26.1% during the first quarter. PFG Investments LLC now owns 1,298 shares of the oil and gas development company’s stock worth $341,000 after acquiring an additional 269 shares during the period. First Trust Direct Indexing L.P. boosted its position in Pioneer Natural Resources by 10.1% in the first quarter. First Trust Direct Indexing L.P. now owns 4,923 shares of the oil and gas development company’s stock worth $1,292,000 after purchasing an additional 451 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in Pioneer Natural Resources by 108.9% in the 1st quarter. Kovack Advisors Inc. now owns 11,098 shares of the oil and gas development company’s stock valued at $2,913,000 after purchasing an additional 5,786 shares during the period. 80.57% of the stock is owned by institutional investors.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.