Pioneer Natural Resources (NYSE:PXD) Receives Neutral Rating from Susquehanna

Susquehanna reaffirmed their neutral rating on shares of Pioneer Natural Resources (NYSE:PXD) in a report published on Monday, Benzinga reports. Susquehanna currently has a $250.00 target price on the oil and gas development company’s stock, down from their prior target price of $276.00.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein lowered Pioneer Natural Resources from an outperform rating to a market perform rating and cut their price target for the stock from $273.00 to $246.00 in a research report on Tuesday, October 17th. Evercore ISI cut their target price on shares of Pioneer Natural Resources from $253.00 to $243.00 in a report on Monday, July 10th. Wells Fargo & Company increased their price target on shares of Pioneer Natural Resources from $227.00 to $239.00 and gave the stock an equal weight rating in a research note on Thursday, August 10th. BMO Capital Markets cut shares of Pioneer Natural Resources from an outperform rating to a market perform rating in a report on Monday, October 16th. Finally, Truist Financial raised Pioneer Natural Resources to a buy rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Pioneer Natural Resources has a consensus rating of Hold and a consensus price target of $258.55.

Pioneer Natural Resources Stock Performance

NYSE PXD opened at $239.08 on Monday. The company has a fifty day moving average of $237.44 and a two-hundred day moving average of $222.60. The company has a market capitalization of $55.74 billion, a PE ratio of 11.42 and a beta of 1.38. Pioneer Natural Resources has a 1 year low of $177.26 and a 1 year high of $262.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.73 and a quick ratio of 0.59.

Pioneer Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Thursday, November 30th will be paid a $3.20 dividend. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $1.84. This represents a $12.80 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, November 29th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 23.88%.

Institutional Trading of Pioneer Natural Resources

Institutional investors have recently bought and sold shares of the company. Sigma Planning Corp boosted its position in shares of Pioneer Natural Resources by 10.0% in the 3rd quarter. Sigma Planning Corp now owns 8,044 shares of the oil and gas development company’s stock worth $1,847,000 after buying an additional 728 shares in the last quarter. Childress Capital Advisors LLC acquired a new position in Pioneer Natural Resources during the third quarter worth about $248,000. Callan Capital LLC purchased a new stake in shares of Pioneer Natural Resources in the third quarter valued at about $209,000. PFG Investments LLC acquired a new stake in shares of Pioneer Natural Resources in the third quarter valued at approximately $272,000. Finally, XML Financial LLC increased its stake in shares of Pioneer Natural Resources by 25.0% during the 3rd quarter. XML Financial LLC now owns 1,634 shares of the oil and gas development company’s stock worth $375,000 after purchasing an additional 327 shares in the last quarter. 82.72% of the stock is currently owned by hedge funds and other 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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.