Pioneer Natural Resources (NYSE:PXD) PT Raised to $280.00 at Barclays

Pioneer Natural Resources (NYSE:PXDGet Rating) had its price objective lifted by Barclays from $277.00 to $280.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the oil and gas development company’s stock.

A number of other equities research analysts have also issued reports on PXD. Mizuho reiterated a buy rating and issued a $294.00 target price on shares of Pioneer Natural Resources in a research note on Tuesday, January 10th. Citigroup increased their target price on Pioneer Natural Resources to $255.00 in a research note on Thursday, November 17th. Raymond James reduced their price target on Pioneer Natural Resources from $315.00 to $310.00 and set a strong-buy rating for the company in a report on Monday, October 24th. Truist Financial increased their price target on Pioneer Natural Resources from $219.00 to $261.00 in a report on Monday, October 31st. Finally, Piper Sandler increased their price target on Pioneer Natural Resources from $346.00 to $347.00 and gave the company an overweight rating in a report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pioneer Natural Resources has a consensus rating of Hold and a consensus price target of $278.94.

Pioneer Natural Resources Price Performance

PXD stock opened at $241.45 on Monday. The stock has a 50-day moving average price of $234.03 and a two-hundred day moving average price of $236.20. Pioneer Natural Resources has a 12-month low of $194.54 and a 12-month high of $288.46. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The company has a market cap of $58.42 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41.

Pioneer Natural Resources (NYSE:PXDGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The oil and gas development company reported $7.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.43 by $0.05. Pioneer Natural Resources had a return on equity of 31.82% and a net margin of 30.33%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, research analysts predict that Pioneer Natural Resources will post 30.73 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a $5.71 dividend. This represents a $22.84 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend was Tuesday, November 29th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 15.69%.

Institutional Trading of Pioneer Natural Resources

Hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its holdings in shares of Pioneer Natural Resources by 1.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 30,685 shares of the oil and gas development company’s stock worth $6,845,000 after purchasing an additional 386 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Pioneer Natural Resources by 8.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,749 shares of the oil and gas development company’s stock valued at $613,000 after acquiring an additional 210 shares during the period. Moors & Cabot Inc. increased its position in Pioneer Natural Resources by 9.5% in the 2nd quarter. Moors & Cabot Inc. now owns 2,000 shares of the oil and gas development company’s stock valued at $446,000 after acquiring an additional 173 shares during the period. Wesbanco Bank Inc. acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at approximately $519,000. Finally, Candriam S.C.A. increased its position in Pioneer Natural Resources by 13.3% in the 2nd quarter. Candriam S.C.A. now owns 12,819 shares of the oil and gas development company’s stock valued at $2,860,000 after acquiring an additional 1,505 shares during the period. Institutional investors own 89.75% of the company’s stock.

Pioneer Natural Resources Company Profile

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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 on the operation of the 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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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