Chris J. Cheatwood Sells 2,201 Shares of Pioneer Natural Resources (PXD) Stock

Pioneer Natural Resources (NYSE:PXD) EVP Chris J. Cheatwood sold 2,201 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $167.82, for a total transaction of $369,371.82. Following the completion of the transaction, the executive vice president now directly owns 42,909 shares in the company, valued at $7,200,988.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Pioneer Natural Resources (NYSE PXD) opened at $171.12 on Friday. The stock has a market cap of $28,727.31, a P/E ratio of 237.67, a P/E/G ratio of 10.48 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. research analysts anticipate that Pioneer Natural Resources will post 1.58 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of PXD. BB&T Securities LLC grew its holdings in Pioneer Natural Resources by 108.7% during the 2nd quarter. BB&T Securities LLC now owns 4,726 shares of the oil and gas development company’s stock worth $754,000 after acquiring an additional 2,462 shares during the last quarter. Cadence Capital Management LLC grew its holdings in Pioneer Natural Resources by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock worth $958,000 after acquiring an additional 30 shares during the last quarter. GAM Holding AG grew its holdings in Pioneer Natural Resources by 22.3% during the 2nd quarter. GAM Holding AG now owns 33,203 shares of the oil and gas development company’s stock worth $5,299,000 after acquiring an additional 6,044 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Pioneer Natural Resources by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 490,684 shares of the oil and gas development company’s stock worth $78,303,000 after acquiring an additional 2,172 shares during the last quarter. Finally, Aviva PLC grew its holdings in Pioneer Natural Resources by 0.5% during the 2nd quarter. Aviva PLC now owns 162,617 shares of the oil and gas development company’s stock worth $25,950,000 after acquiring an additional 790 shares during the last quarter. 90.69% of the stock is currently owned by hedge funds and other institutional investors.

PXD has been the topic of several recent analyst reports. Morgan Stanley decreased their target price on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Mizuho reissued a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Wednesday, October 11th. Jefferies Group raised their target price on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Seaport Global Securities raised shares of Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $191.63.

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Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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