Pioneer Natural Resources’ (PXD) Neutral Rating Reiterated at Mizuho

Pioneer Natural Resources (NYSE:PXD)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Mizuho in a report issued on Wednesday, Benzinga reports. They currently have a $301.00 price target on the oil and gas development company’s stock. Mizuho’s target price suggests a potential upside of 27.05% from the stock’s current price.

A number of other brokerages have also recently issued reports on PXD. Bank of America boosted their target price on shares of Pioneer Natural Resources from $240.00 to $250.00 in a research report on Wednesday, September 27th. Wells Fargo & Company lifted their price target on Pioneer Natural Resources from $227.00 to $239.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Morgan Stanley upped their price objective on Pioneer Natural Resources from $230.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, October 2nd. Sanford C. Bernstein downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $273.00 to $246.00 in a research note on Tuesday, October 17th. Finally, StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Monday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $258.55.

Pioneer Natural Resources Stock Performance

NYSE:PXD opened at $236.91 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.70 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $236.79 and a 200 day simple moving average of $223.24. Pioneer Natural Resources has a 1-year low of $177.26 and a 1-year high of $262.42. The stock has a market cap of $55.27 billion, a P/E ratio of 11.31 and a beta of 1.38.

Hedge Funds Weigh In On Pioneer Natural Resources

Several institutional investors have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at $8,439,000. Alps Advisors Inc. bought a new stake in Pioneer Natural Resources in the third quarter valued at $331,000. Ameriprise Financial Inc. increased its stake in Pioneer Natural Resources by 7.5% in the third quarter. Ameriprise Financial Inc. now owns 1,923,819 shares of the oil and gas development company’s stock valued at $443,574,000 after purchasing an additional 134,982 shares in the last quarter. Augustine Asset Management Inc. acquired a new position in shares of Pioneer Natural Resources during the third quarter valued at about $262,000. Finally, AXQ Capital LP boosted its position in shares of Pioneer Natural Resources by 193.8% during the 3rd quarter. AXQ Capital LP now owns 4,700 shares of the oil and gas development company’s stock worth $1,079,000 after purchasing an additional 3,100 shares in the last quarter. 82.72% of the stock is owned by institutional investors and hedge funds.

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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.