Pioneer Natural Resources (PXD) SVP Sells $171,000.00 in Stock

Pioneer Natural Resources (NYSE:PXD) SVP Frank E. Hopkins sold 1,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $171.00, for a total value of $171,000.00. Following the sale, the senior vice president now directly owns 37,101 shares of the company’s stock, valued at approximately $6,344,271. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Pioneer Natural Resources (PXD) traded up $2.87 during trading hours on Tuesday, hitting $173.99. The stock had a trading volume of 1,379,425 shares, compared to its average volume of 1,824,359. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The company has a market capitalization of $29,118.69, a P/E ratio of 241.65, a PEG ratio of 10.51 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. analysts expect that Pioneer Natural Resources will post 1.59 EPS for the current year.

Large investors have recently modified their holdings of the company. GWM Advisors LLC bought a new stake in Pioneer Natural Resources in the 2nd quarter worth about $100,000. Commonwealth Bank of Australia increased its holdings in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares in the last quarter. WFG Advisors LP increased its holdings in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter worth about $176,000. Finally, Sun Life Financial INC increased its holdings in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after buying an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 90.69% of the company’s stock.

A number of research firms have recently weighed in on PXD. Jefferies Group set a $192.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, December 20th. Robert W. Baird dropped their price target on Pioneer Natural Resources from $192.00 to $176.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. Mizuho reaffirmed a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Seaport Global Securities raised Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $192.27.

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About Pioneer Natural Resources

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.

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