Investment Analysts’ Recent Ratings Changes for Pioneer Natural Resources (PXD)

Posted by Casey Walker on Apr 19th, 2024

Pioneer Natural Resources (NYSE: PXD) has recently received a number of price target changes and ratings updates:

4/13/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
4/11/2024 – Pioneer Natural Resources had its price target raised by analysts at Scotiabank from $230.00 to $282.00. They now have a “sector perform” rating on the stock.
4/11/2024 – Pioneer Natural Resources had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $279.00 price target on the stock.
4/5/2024 – Pioneer Natural Resources had its price target raised by analysts at Truist Financial Co. from $238.00 to $278.00. They now have a “hold” rating on the stock.
4/5/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
3/28/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
3/20/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
3/19/2024 – Pioneer Natural Resources had its price target raised by analysts at Mizuho from $276.00 to $290.00. They now have a “neutral” rating on the stock.
3/12/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
3/4/2024 – Pioneer Natural Resources had its price target raised by analysts at Susquehanna from $237.00 to $246.00. They now have a “neutral” rating on the stock.
3/4/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
2/26/2024 – Pioneer Natural Resources had its price target raised by analysts at Mizuho from $264.00 to $275.00. They now have a “neutral” rating on the stock.
2/25/2024 – Pioneer Natural Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Pioneer Natural Resources Trading Up 0.1 %

Shares of NYSE:PXD opened at $268.12 on Friday. The company has a market capitalization of $62.64 billion, a P/E ratio of 13.25 and a beta of 1.31. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The business’s 50 day simple moving average is $249.82 and its 200 day simple moving average is $237.91.

Pioneer Natural Resources (NYSE:PXD – Get Free Report) last issued its quarterly 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 company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $5.91 EPS. On average, research analysts anticipate that Pioneer Natural Resources will post 21.15 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a dividend of $2.56 per share. This represents a $10.24 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s payout ratio is presently 24.70%.

Insiders Place Their Bets

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 over the last three months. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cullinan Associates Inc. bought a new position in shares of Pioneer Natural Resources in the 1st quarter valued at $210,000. Bridgewealth Advisory Group LLC bought a new position in shares of Pioneer Natural Resources in the 1st quarter valued at $206,000. Congress Wealth Management LLC DE lifted its stake in shares of Pioneer Natural Resources by 3.5% in the 1st quarter. Congress Wealth Management LLC DE now owns 50,935 shares of the oil and gas development company’s stock valued at $13,371,000 after acquiring an additional 1,736 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Pioneer Natural Resources by 17.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,941 shares of the oil and gas development company’s stock valued at $510,000 after acquiring an additional 287 shares during the last quarter. Finally, Merrion Investment Management Co LLC lifted its stake in shares of Pioneer Natural Resources by 9.9% in the 1st quarter. Merrion Investment Management Co LLC now owns 2,220 shares of the oil and gas development company’s stock valued at $583,000 after acquiring an additional 200 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

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.