Pioneer Natural Resources (NYSE:PXD) PT Raised to $275.00 at Stifel Nicolaus

Pioneer Natural Resources (NYSE:PXD) had its price target raised by equities researchers at Stifel Nicolaus from $237.00 to $275.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the oil and gas development company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 0.19% from the stock’s previous close.

PXD has been the topic of a number of other research reports. Mizuho raised their target price 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. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Susquehanna raised their target price on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a research report on Monday. Scotiabank raised their target price 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. Finally, Truist Financial lifted their price objective on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Pioneer Natural Resources has a consensus rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Trading Up 0.1 %

PXD stock opened at $275.52 on Tuesday. The company has a market capitalization of $64.37 billion, a PE ratio of 13.61 and a beta of 1.31. Pioneer Natural Resources has a 12 month low of $196.74 and a 12 month high of $278.83. The firm’s 50-day moving average is $253.53 and its 200 day moving average is $239.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72.

Pioneer Natural Resources (NYSE:PXD) last posted its 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). The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted $5.91 EPS. On average, research analysts anticipate that Pioneer Natural Resources will post 21.66 EPS for the current year.

Insider Buying and Selling

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were 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 approximately $2,906,787.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were 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 approximately $2,906,787.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Christopher L. Washburn sold 1,416 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Pioneer Natural Resources

Several institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in shares of 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 increased its holdings in shares of Pioneer Natural Resources by 1.5% during 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 purchasing an additional 41 shares in the last quarter. MONECO Advisors LLC increased its holdings in 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 worth $253,000 after acquiring an additional 42 shares in the last quarter. IFP Advisors Inc increased its holdings in 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 worth $330,000 after acquiring an additional 43 shares in the last quarter. Finally, Western Pacific Wealth Management LP increased its holdings in 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 worth $61,000 after acquiring an additional 44 shares in the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

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.