A number of other brokerages have also recently issued reports on PXD. Citigroup assumed coverage on Pioneer Natural Resources in a report on Tuesday, April 9th. They issued a buy rating on the stock. Barclays restated a buy rating and issued a $217.00 target price on shares of Pioneer Natural Resources in a report on Wednesday, April 10th. Credit Suisse Group decreased their target price on Pioneer Natural Resources from $210.00 to $200.00 and set an outperform rating for the company in a research report on Thursday, February 14th. They noted that the move was a valuation call. Imperial Capital set a $199.00 target price on Pioneer Natural Resources and gave the stock a buy rating in a research report on Friday, February 15th. Finally, MKM Partners set a $189.00 target price on Pioneer Natural Resources and gave the stock a buy rating in a research report on Friday, February 15th. Six research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $210.91.
Shares of NYSE PXD opened at $167.74 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.29 and a current ratio of 1.42. The firm has a market capitalization of $25.43 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 0.99. Pioneer Natural Resources has a 52-week low of $119.08 and a 52-week high of $213.40.
The company also recently disclosed a semiannual dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.32 per share. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.16. The ex-dividend date was Thursday, March 28th. This represents a yield of 0.45%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 10.14%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Samlyn Capital LLC boosted its position in Pioneer Natural Resources by 40.1% during the fourth quarter. Samlyn Capital LLC now owns 204,408 shares of the oil and gas development company’s stock valued at $26,883,000 after purchasing an additional 58,467 shares during the last quarter. Suntrust Banks Inc. boosted its position in Pioneer Natural Resources by 880.8% during the fourth quarter. Suntrust Banks Inc. now owns 39,643 shares of the oil and gas development company’s stock valued at $5,214,000 after purchasing an additional 35,601 shares during the last quarter. Precocity Capital LP acquired a new stake in Pioneer Natural Resources during the fourth quarter valued at $11,179,000. S&CO Inc. boosted its position in Pioneer Natural Resources by 3.7% during the fourth quarter. S&CO Inc. now owns 119,238 shares of the oil and gas development company’s stock valued at $15,682,000 after purchasing an additional 4,233 shares during the last quarter. Finally, Empire Life Investments Inc. boosted its position in Pioneer Natural Resources by 16.8% during the fourth quarter. Empire Life Investments Inc. now owns 93,529 shares of the oil and gas development company’s stock valued at $12,301,000 after purchasing an additional 13,485 shares during the last quarter. 89.15% 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 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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