Pioneer Natural Resources (NYSE:PXD) PT Raised to $278.00

Pioneer Natural Resources (NYSE:PXD) had its price target lifted by equities research analysts at Susquehanna from $246.00 to $278.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas development company’s stock. Susquehanna’s target price would indicate a potential upside of 1.05% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. StockNews.com began coverage on shares of Pioneer Natural Resources in a research note on Sunday. They set a “hold” rating for the company. Stifel Nicolaus dropped their price target on shares of 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. Scotiabank boosted their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $279.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Finally, Mizuho boosted their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Two investment 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’s stock. According to data from MarketBeat, Pioneer Natural Resources presently 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 $275.12 on Monday. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month 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. The company’s 50-day moving average price is $252.53 and its 200-day moving average price is $239.17. The company has a market cap of $64.27 billion, a PE ratio of 13.59 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm posted $5.91 earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Pioneer Natural Resources will post 21.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the transaction, 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 document filed with the SEC, which is available at this hyperlink. In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the transaction, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred 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 approximately $108,711,848. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC increased its stake in Pioneer Natural Resources by 4.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company’s stock valued at $236,000 after purchasing an additional 40 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of Pioneer Natural Resources by 1.5% in the 3rd quarter. Caprock Group LLC now owns 2,855 shares of the oil and gas development company’s stock valued at $655,000 after acquiring an additional 41 shares during the last quarter. MONECO Advisors LLC boosted its holdings in shares of Pioneer Natural Resources by 3.9% in the 4th quarter. MONECO Advisors LLC now owns 1,126 shares of the oil and gas development company’s stock valued at $253,000 after acquiring an additional 42 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Pioneer Natural Resources by 3.1% in the 3rd quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company’s stock valued at $330,000 after acquiring an additional 43 shares during the last quarter. Finally, Western Pacific Wealth Management LP boosted its holdings in shares of Pioneer Natural Resources by 20.0% in the 3rd quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock valued at $61,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds 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.