Pioneer Natural Resources Company (NYSE:PXD) Director Andrew F. Cates bought 350 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Pioneer Natural Resources Company (PXD) traded up 0.65% during mid-day trading on Tuesday, hitting $133.70. 1,770,898 shares of the stock traded hands. The stock has a 50 day moving average price of $153.96 and a 200-day moving average price of $172.21. The company has a market cap of $22.74 billion, a P/E ratio of 134.91 and a beta of 0.91. Pioneer Natural Resources Company has a one year low of $128.50 and a one year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business earned ($0.22) EPS. The company’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, analysts forecast that Pioneer Natural Resources Company will post $1.13 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Coconut Grove Bank boosted its stake in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the last quarter. Winch Advisory Services LLC purchased a new stake in shares of Pioneer Natural Resources during the first quarter worth about $112,000. Commonwealth Bank of Australia boosted its stake in shares of Pioneer Natural Resources by 10.8% in the second 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 during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth about $120,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

A number of equities research analysts have recently issued reports on PXD shares. Williams Capital set a $184.00 target price on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC set a $136.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $210.71.

Pioneer Natural Resources Company Profile

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.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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