Pioneer Natural Resources (NYSE:PXD – Get Rating) – Analysts at KeyCorp upped their Q1 2022 earnings estimates for Pioneer Natural Resources in a research report issued on Thursday, April 28th. KeyCorp analyst L. Mariani now anticipates that the oil and gas development company will post earnings of $7.51 per share for the quarter, up from their prior estimate of $7.39. KeyCorp currently has a “Overweight” rating and a $272.00 target price on the stock.
Pioneer Natural Resources (NYSE:PXD – Get Rating) last announced its earnings results on Wednesday, February 16th. The oil and gas development company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.53. Pioneer Natural Resources had a return on equity of 15.04% and a net margin of 14.46%. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter in the previous year, the business earned $1.07 EPS.
Shares of PXD stock opened at $232.47 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.42 and a current ratio of 1.52. Pioneer Natural Resources has a 52-week low of $133.73 and a 52-week high of $260.00. The company has a market capitalization of $56.46 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. The business’s fifty day moving average is $242.44 and its 200 day moving average is $212.28.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Monday, February 28th were given a dividend of $0.78 per share. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, February 25th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.34%. Pioneer Natural Resources’s payout ratio is presently 30.06%.
In related news, SVP Tyson L. Taylor sold 1,978 shares of the company’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $228.55, for a total value of $452,071.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry R. Grillot sold 500 shares of the company’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $234.37, for a total transaction of $117,185.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,502 shares of company stock valued at $24,082,861. Insiders own 0.63% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PXD. Daiwa Securities Group Inc. boosted its holdings in shares of Pioneer Natural Resources by 20.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,264 shares of the oil and gas development company’s stock valued at $2,209,000 after purchasing an additional 2,240 shares during the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Pioneer Natural Resources by 17.7% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 16,380 shares of the oil and gas development company’s stock valued at $2,727,000 after purchasing an additional 2,460 shares during the last quarter. Truist Financial Corp raised its position in shares of Pioneer Natural Resources by 6.3% during the 3rd quarter. Truist Financial Corp now owns 244,640 shares of the oil and gas development company’s stock valued at $40,735,000 after buying an additional 14,408 shares in the last quarter. Boston Partners raised its position in shares of Pioneer Natural Resources by 5.5% during the 3rd quarter. Boston Partners now owns 4,128,398 shares of the oil and gas development company’s stock valued at $688,129,000 after buying an additional 215,580 shares in the last quarter. Finally, MUFG Americas Holdings Corp purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at about $996,000. 85.41% of the stock is owned by institutional investors and hedge funds.
About Pioneer Natural Resources (Get Rating)
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. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants.
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