Pioneer Natural Resources EVP Sells $3,775,861 in Stock (PXD)
Pioneer Natural Resources (NYSE:PXD) EVP William Hannes sold 20,905 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $180.62, for a total value of $3,775,861.10. Following the sale, the executive vice president now directly owns 68,103 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research note to investors on Tuesday. They now have a $184.00 price target on the stock. Separately, analysts at Oppenheimer reiterated a “buy” rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research note to investors on Tuesday, August 27th. They now have a $180.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $193.00 to $216.00 in a research note to investors on Tuesday, August 27th.
One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $170.36.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up 0.67% during mid-day trading on Friday, hitting $183.22. 363,256 shares of the company’s stock traded hands. Pioneer Natural Resources has a 1-year low of $99.27 and a 1-year high of $184.70. The stock’s 50-day moving average is $168.7 and its 200-day moving average is $142.3. The company has a market cap of $25.384 billion and a price-to-earnings ratio of 49.82.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.13 by $0.03. The company had revenue of $845.10 million for the quarter, compared to the consensus estimate of $893.17 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $4.74 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.04 per share. This represents a dividend yield of 0.05%. The ex-dividend date is Thursday, September 26th.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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