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

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

PXD has been the topic of a number of other research reports. Susquehanna raised their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Mizuho raised their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Truist Financial raised their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Finally, Stifel Nicolaus raised their price objective on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Stock Performance

Shares of NYSE PXD opened at $268.87 on Monday. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31. The business’s 50-day simple moving average is $255.15 and its 200-day simple moving average is $239.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. Pioneer Natural Resources has a 52 week low of $196.74 and a 52 week high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results 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 business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $5.91 EPS. As a group, equities research analysts expect that Pioneer Natural Resources will post 22.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now 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 worth $9,067,373 in the last 90 days. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pioneer Natural Resources

Several institutional investors have recently bought and sold shares of PXD. Hartford Financial Management Inc. raised its position in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. Sachetta LLC acquired a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at $27,000. BluePath Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at $29,000. Carmel Capital Partners LLC acquired a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at $34,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 68 shares during the period. Institutional investors own 80.57% 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. The company was founded in 1997 and is headquartered in Irving, Texas.