Pioneer Natural Resources (NYSE:PXD) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a research report issued on Monday. The brokerage set a “hold” rating on the oil and gas development company’s stock.

Other research analysts have also issued reports about the stock. Scotiabank raised their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Susquehanna increased their price target on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Truist Financial upped their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Pioneer Natural Resources presently has a consensus rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Trading Down 1.6 %

NYSE:PXD opened at $269.32 on Monday. The business has a fifty day moving average price of $256.80 and a 200-day moving average price of $240.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $278.83. The firm has a market capitalization of $62.92 billion, a price-to-earnings ratio of 13.31 and a beta of 1.31.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $5.91 earnings per share. Sell-side analysts forecast that Pioneer Natural Resources will post 22.47 EPS for the current year.

Insider Transactions at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the transaction, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the sale, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Pioneer Natural Resources

A number of institutional investors and hedge funds have recently bought and sold shares of PXD. Retirement Systems of Alabama boosted its holdings in shares of Pioneer Natural Resources by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 51,563 shares of the oil and gas development company’s stock worth $13,535,000 after purchasing an additional 145 shares during the last quarter. Norden Group LLC purchased a new position in Pioneer Natural Resources during the first quarter worth approximately $316,000. Van ECK Associates Corp boosted its stake in Pioneer Natural Resources by 9.5% during the first quarter. Van ECK Associates Corp now owns 151,595 shares of the oil and gas development company’s stock worth $39,794,000 after buying an additional 13,191 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in Pioneer Natural Resources during the first quarter worth $1,472,000. Finally, HB Wealth Management LLC grew its holdings in Pioneer Natural Resources by 26.5% in the 1st quarter. HB Wealth Management LLC now owns 3,785 shares of the oil and gas development company’s stock valued at $994,000 after buying an additional 794 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

About Pioneer Natural Resources

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.