Pioneer Natural Resources (NYSE:PXD) Trading 4.8% Higher

Pioneer Natural Resources (NYSE:PXD)’s stock price traded up 4.8% during trading on Tuesday . The stock traded as high as $191.10 and last traded at $189.07. 51,577 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 2,397,247 shares. The stock had previously closed at $180.48.

Several equities research analysts have commented on the stock. Truist Securities raised their price target on shares of Pioneer Natural Resources from $181.00 to $214.00 and gave the company a “hold” rating in a research note on Thursday, October 7th. Mizuho raised their price target on shares of Pioneer Natural Resources from $231.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, October 26th. TD Securities raised their price target on shares of Pioneer Natural Resources from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 4th. Citigroup assumed coverage on shares of Pioneer Natural Resources in a research note on Monday, November 8th. They issued a “buy” rating and a $216.00 price target on the stock. Finally, Truist raised their price target on shares of Pioneer Natural Resources from $181.00 to $214.00 and gave the company a “hold” rating in a research note on Thursday, October 7th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $207.86.

The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 0.29. The stock has a market cap of $46.45 billion, a price-to-earnings ratio of 34.34 and a beta of 1.82. The company’s 50-day simple moving average is $180.69 and its 200-day simple moving average is $163.21.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 3rd. The oil and gas development company reported $4.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.87 by $0.26. Pioneer Natural Resources had a net margin of 11.48% and a return on equity of 11.98%. During the same period last year, the business earned $0.17 EPS. As a group, analysts expect that Pioneer Natural Resources will post 13.56 EPS for the current fiscal year.

The firm also recently declared a None dividend, which will be paid on Tuesday, December 14th. Shareholders of record on Tuesday, November 30th will be given a $3.02 dividend. The ex-dividend date is Monday, November 29th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 40.43%.

In other Pioneer Natural Resources news, Director Larry R. Grillot sold 900 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, November 9th. The shares were sold at an average price of $184.39, for a total value of $165,951.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PXD. Cubist Systematic Strategies LLC boosted its stake in Pioneer Natural Resources by 21,422.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,735 shares of the oil and gas development company’s stock worth $752,000 after purchasing an additional 4,713 shares during the period. Eaton Vance Management boosted its stake in Pioneer Natural Resources by 4.0% in the 1st quarter. Eaton Vance Management now owns 25,774 shares of the oil and gas development company’s stock worth $4,093,000 after purchasing an additional 991 shares during the period. Voloridge Investment Management LLC acquired a new position in Pioneer Natural Resources in the 1st quarter worth approximately $2,276,000. Canada Pension Plan Investment Board boosted its stake in shares of Pioneer Natural Resources by 244.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 68,135 shares of the oil and gas development company’s stock valued at $10,821,000 after buying an additional 48,361 shares during the period. Finally, Colony Group LLC boosted its stake in shares of Pioneer Natural Resources by 134.7% during the 1st quarter. Colony Group LLC now owns 30,828 shares of the oil and gas development company’s stock valued at $4,896,000 after buying an additional 17,692 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Pioneer Natural Resources Company Profile (NYSE:PXD)

Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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