Pioneer Natural Resources (NYSE:PXD) Now Covered by StockNews.com

StockNews.com began coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report released on Tuesday. 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. Stifel Nicolaus increased their price target on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Mizuho raised their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, April 11th. Truist Financial raised their price objective on shares of 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, Scotiabank upped their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of “Hold” and an average price target of $264.10.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock opened at $269.62 on Tuesday. 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 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The firm has a 50-day moving average price of $259.65 and a two-hundred day moving average price of $240.76.

Pioneer Natural Resources (NYSE:PXD) last issued 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 the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the firm posted $5.91 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Insider Transactions at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total transaction of $2,352,500.00. Following the transaction, the director now owns 462,112 shares in the company, valued at $108,711,848. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock valued at $9,067,373 over the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. MONECO Advisors LLC grew its holdings in Pioneer Natural Resources by 3.9% during the fourth quarter. MONECO Advisors LLC now owns 1,126 shares of the oil and gas development company’s stock valued at $253,000 after purchasing an additional 42 shares during the last quarter. Hartford Financial Management Inc. lifted its position in Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Pioneer Natural Resources by 19.1% during the 4th quarter. Financial Management Professionals Inc. now owns 281 shares of the oil and gas development company’s stock worth $63,000 after acquiring an additional 45 shares during the last quarter. Richardson Financial Services Inc. grew its position in shares of Pioneer Natural Resources by 9.6% in the first quarter. Richardson Financial Services Inc. now owns 516 shares of the oil and gas development company’s stock valued at $135,000 after purchasing an additional 45 shares during the last quarter. Finally, Tlwm increased its stake in shares of Pioneer Natural Resources by 1.3% in the fourth quarter. Tlwm now owns 3,576 shares of the oil and gas development company’s stock worth $804,000 after purchasing an additional 46 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.