Pioneer Natural Resources (NYSE:PXD) had its target price increased by KeyCorp from $168.00 to $172.00 in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the oil and gas development company’s stock.
Several other brokerages have also recently commented on PXD. Wells Fargo & Co boosted their price target on shares of Pioneer Natural Resources from $190.00 to $191.00 and gave the stock an outperform rating in a research report on Friday, September 20th. SunTrust Banks cut their price target on shares of Pioneer Natural Resources to $130.00 and set a hold rating on the stock in a research report on Thursday, August 8th. TheStreet cut shares of Pioneer Natural Resources from a b- rating to a c+ rating in a research report on Tuesday, July 23rd. Robert W. Baird boosted their price target on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an outperform rating in a research report on Monday, September 30th. Finally, Mizuho raised shares of Pioneer Natural Resources from a neutral rating to a buy rating and set a $191.00 price target on the stock in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Pioneer Natural Resources has a consensus rating of Buy and an average target price of $188.68.
NYSE PXD traded down $4.34 on Tuesday, reaching $123.36. The company had a trading volume of 1,519,131 shares, compared to its average volume of 1,560,323. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 0.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86. Pioneer Natural Resources has a 1-year low of $114.79 and a 1-year high of $178.22. The company’s fifty day moving average is $129.05 and its 200-day moving average is $141.51.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Friday, September 27th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 26th. Pioneer Natural Resources’s dividend payout ratio is presently 13.95%.
In other news, Director J Kenneth Thompson bought 500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $121.01 per share, with a total value of $60,505.00. Following the acquisition, the director now owns 13,024 shares in the company, valued at $1,576,034.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chris J. Cheatwood sold 5,619 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $140.35, for a total transaction of $788,626.65. Following the completion of the sale, the executive vice president now directly owns 39,027 shares in the company, valued at $5,477,439.45. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Berman Capital Advisors LLC raised its holdings in Pioneer Natural Resources by 64.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares during the period. Parallax Volatility Advisers L.P. raised its holdings in Pioneer Natural Resources by 1,606.7% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after acquiring an additional 241 shares during the period. HM Payson & Co. bought a new position in Pioneer Natural Resources in the 2nd quarter valued at about $53,000. Foresters Asset Management Inc. raised its holdings in Pioneer Natural Resources by 35.7% in the 2nd quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after acquiring an additional 100 shares during the period. Finally, Carroll Financial Associates Inc. raised its holdings in Pioneer Natural Resources by 264.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock valued at $60,000 after acquiring an additional 286 shares during the period. 87.52% of the stock is currently 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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