Pioneer Natural Resources (NYSE:PXD) Coverage Initiated by Analysts at StockNews.com

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

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Scotiabank lifted their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Stifel Nicolaus lowered their price objective on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 23rd. Truist Financial lifted their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, Susquehanna lifted their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Pioneer Natural Resources currently has an average rating of “Hold” and a consensus price target of $259.00.

Pioneer Natural Resources Trading Up 0.9 %

PXD opened at $270.31 on Friday. The business has a 50 day moving average of $250.68 and a 200-day moving average of $238.33. The stock has a market cap of $63.15 billion, a PE ratio of 13.36 and a beta of 1.31. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83. 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 (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 company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.91 EPS. Equities research analysts predict that Pioneer Natural Resources will post 21.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 1,000 shares of Pioneer Natural Resources stock in a transaction on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at $4,017,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 1,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at $4,017,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $820,225.00. Following the sale, the executive vice president now directly 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. Insiders sold 36,766 shares of company stock valued at $9,067,373 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Institutional Trading of Pioneer Natural Resources

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Pioneer Natural Resources by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,256,685 shares of the oil and gas development company’s stock valued at $4,555,323,000 after purchasing an additional 240,934 shares during the period. Geode Capital Management LLC grew its holdings in Pioneer Natural Resources by 3.6% during the first quarter. Geode Capital Management LLC now owns 4,337,964 shares of the oil and gas development company’s stock valued at $884,893,000 after purchasing an additional 149,026 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Pioneer Natural Resources by 46.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock valued at $968,877,000 after purchasing an additional 1,343,601 shares during the period. Clearbridge Investments LLC grew its holdings in Pioneer Natural Resources by 7.6% during the third quarter. Clearbridge Investments LLC now owns 3,259,731 shares of the oil and gas development company’s stock valued at $748,271,000 after purchasing an additional 231,470 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Pioneer Natural Resources by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 3,239,964 shares of the oil and gas development company’s stock valued at $743,734,000 after purchasing an additional 662,891 shares during the period. Institutional investors own 80.57% of the company’s stock.

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.