Richard P. Dealy Sells 5,523 Shares of Pioneer Natural Resources (PXD) Stock

Pioneer Natural Resources (NYSE:PXD) CFO Richard P. Dealy sold 5,523 shares of Pioneer Natural Resources stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $164.23, for a total value of $907,042.29. Following the completion of the transaction, the chief financial officer now owns 76,297 shares of the company’s stock, valued at approximately $12,530,256.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

PXD has been the subject of several recent analyst reports. Mizuho restated a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Credit Suisse Group started coverage on Pioneer Natural Resources in a report on Monday, December 11th. They issued an “outperform” rating and a $192.00 target price on the stock. Williams Capital dropped their price objective on Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, October 18th. BMO Capital Markets set a $200.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, KeyCorp set a $180.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company. Pioneer Natural Resources presently has a consensus rating of “Buy” and an average price target of $191.63.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BB&T Securities LLC lifted 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 buying an additional 2,462 shares during the last quarter. Cadence Capital Management LLC lifted 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 buying an additional 30 shares during the last quarter. GAM Holding AG lifted 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 buying an additional 6,044 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted 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 buying an additional 2,172 shares during the last quarter. Finally, Aviva PLC lifted its holdings in shares of Pioneer Natural Resources by 0.5% in the 2nd quarter. Aviva PLC now owns 162,617 shares of the oil and gas development company’s stock worth $25,950,000 after purchasing an additional 790 shares during the last quarter. 90.69% of the stock is owned by hedge funds and other institutional investors.

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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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