Pioneer Natural Resources (NYSE:PXD) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the oil and gas development company’s stock.

Several other equities analysts also recently commented on PXD. Truist Financial increased their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a hold rating in a research report on Friday, April 5th. Stifel Nicolaus lifted their target price on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a hold rating in a research report on Tuesday, April 23rd. Royal Bank of Canada reissued a sector perform rating and set a $279.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Mizuho lifted their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a neutral rating in a report on Tuesday, March 19th. Finally, Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $264.10.

Pioneer Natural Resources Price Performance

PXD stock opened at $269.62 on Thursday. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.76. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28. The company has a 50 day simple moving average of $267.71 and a 200 day simple moving average of $243.45.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $5.91 earnings per share. Research analysts anticipate that Pioneer Natural Resources will post 22.07 EPS for the current fiscal year.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares in the company, valued at $2,906,787.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the transaction, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the sale, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock worth $9,067,373 in the last quarter. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Pioneer Natural Resources

A number of institutional investors have recently modified their holdings of PXD. Cetera Advisors LLC raised its holdings in Pioneer Natural Resources by 42.5% during the first quarter. Cetera Advisors LLC now owns 5,823 shares of the oil and gas development company’s stock worth $1,529,000 after buying an additional 1,736 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Pioneer Natural Resources by 193.0% during the first quarter. Cetera Investment Advisers now owns 37,145 shares of the oil and gas development company’s stock worth $9,751,000 after acquiring an additional 24,469 shares in the last quarter. Farallon Capital Management LLC raised its holdings in shares of Pioneer Natural Resources by 12.8% in the 1st quarter. Farallon Capital Management LLC now owns 3,520,000 shares of the oil and gas development company’s stock worth $924,000,000 after acquiring an additional 400,000 shares during the last quarter. Swedbank AB acquired a new stake in shares of Pioneer Natural Resources in the 1st quarter worth about $24,824,000. Finally, Sanibel Captiva Trust Company Inc. lifted its position in Pioneer Natural Resources by 5.1% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 976 shares of the oil and gas development company’s stock valued at $256,000 after acquiring an additional 47 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.