StockNews.com Begins Coverage on Pioneer Natural Resources (NYSE:PXD)

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

Several other brokerages have also issued reports on PXD. BMO Capital Markets lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $258.00 target price (down previously from $281.00) on shares of Pioneer Natural Resources in a research report on Monday, October 23rd. Truist Financial upgraded shares of Pioneer Natural Resources to a “buy” rating in a research report on Thursday, October 12th. Capital One Financial lowered shares of Pioneer Natural Resources from an “overweight” rating to an “equal weight” rating and set a $253.00 target price on the stock. in a research report on Thursday, October 12th. Finally, Sanford C. Bernstein downgraded shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $273.00 to $246.00 in a research note on Tuesday, October 17th. One investment 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $258.55.

Pioneer Natural Resources Stock Up 0.7 %

PXD stock opened at $233.56 on Monday. The firm has a market cap of $54.49 billion, a PE ratio of 11.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.70 and a current ratio of 0.85. The firm’s fifty day moving average is $237.03 and its 200 day moving average is $222.94. Pioneer Natural Resources has a one year low of $177.26 and a one year high of $262.42.

Institutional Trading of Pioneer Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rational Advisors LLC grew its stake in shares of Pioneer Natural Resources by 90.0% during the 3rd quarter. Rational Advisors LLC now owns 22,800 shares of the oil and gas development company’s stock worth $5,234,000 after purchasing an additional 10,800 shares during the period. Anchor Capital Advisors LLC grew its stake in shares of Pioneer Natural Resources by 7.7% during the 3rd quarter. Anchor Capital Advisors LLC now owns 3,351 shares of the oil and gas development company’s stock worth $769,000 after purchasing an additional 240 shares during the period. Formidable Asset Management LLC grew its stake in Pioneer Natural Resources by 20.9% in the 3rd quarter. Formidable Asset Management LLC now owns 16,840 shares of the oil and gas development company’s stock valued at $3,866,000 after acquiring an additional 2,909 shares during the last quarter. William Blair Investment Management LLC grew its stake in Pioneer Natural Resources by 34.2% in the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock valued at $101,122,000 after acquiring an additional 112,261 shares during the last quarter. Finally, Nemes Rush Group LLC grew its stake in Pioneer Natural Resources by 2.6% in the 3rd quarter. Nemes Rush Group LLC now owns 18,929 shares of the oil and gas development company’s stock valued at $4,345,000 after acquiring an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 82.72% of the company’s stock.

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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.