Pioneer Natural Resources (NYSE:PXD) EVP Sells $1,755,180.00 in Stock

Pioneer Natural Resources (NYSE:PXDGet Free Report) EVP Jerome D. Hall, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $250.74, for a total value of $1,755,180.00. Following the sale, the executive vice president now directly owns 76,885 shares in the company, valued at $19,278,144.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pioneer Natural Resources Stock Performance

Shares of Pioneer Natural Resources stock opened at $255.28 on Friday. Pioneer Natural Resources has a one year low of $186.01 and a one year high of $257.76. The company has a market cap of $59.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The business’s 50 day moving average price is $232.34 and its 200 day moving average price is $233.16.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last announced its quarterly earnings data 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). The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.91 EPS. On average, research analysts predict that Pioneer Natural Resources will post 20.35 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Monday, March 4th will be paid a dividend of $2.56 per share. The ex-dividend date is Friday, March 1st. This represents a $10.24 annualized dividend and a yield of 4.01%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 24.70%.

Analysts Set New Price Targets

Several research firms recently commented on PXD. Susquehanna raised their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Mizuho increased their price target on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday. Argus downgraded Pioneer Natural Resources from a “buy” rating to a “sell” rating in a research report on Friday, November 24th. StockNews.com started coverage on Pioneer Natural Resources in a research report on Wednesday. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $254.90.

Check Out Our Latest Stock Report on Pioneer Natural Resources

Institutional Investors Weigh In On Pioneer Natural Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PXD. Price T Rowe Associates Inc. MD grew its stake in shares of Pioneer Natural Resources by 105.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,857,878 shares of the oil and gas development company’s stock valued at $642,681,000 after buying an additional 1,464,709 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Pioneer Natural Resources by 46.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,242,203 shares of the oil and gas development company’s stock worth $968,877,000 after acquiring an additional 1,343,601 shares in the last quarter. Westchester Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at approximately $258,634,000. Balyasny Asset Management L.P. raised its holdings in shares of Pioneer Natural Resources by 165.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,680,744 shares of the oil and gas development company’s stock valued at $377,966,000 after purchasing an additional 1,047,414 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of Pioneer Natural Resources by 75,598.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 996,195 shares of the oil and gas development company’s stock worth $227,521,000 after purchasing an additional 994,879 shares during the last quarter. Institutional investors and hedge funds own 82.72% of the company’s stock.

Pioneer Natural Resources Company Profile

(Get Free Report)

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.

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