Investors sold shares of Pioneer Natural Resources Company (NYSE:PXD) on strength during trading hours on Thursday. $56.17 million flowed into the stock on the tick-up and $105.80 million flowed out of the stock on the tick-down, for a money net flow of $49.63 million out of the stock. Of all equities tracked, Pioneer Natural Resources had the 29th highest net out-flow for the day. Pioneer Natural Resources traded up $0.74 for the day and closed at $142.01

PXD has been the subject of several recent research reports. Scotiabank set a $210.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $214.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus set a $236.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Cowen and Company reissued a “buy” rating and issued a $210.00 price target on shares of Pioneer Natural Resources in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.35.

The firm’s 50 day moving average price is $133.40 and its 200 day moving average price is $162.00. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 145.32 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data 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. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.22) EPS. On average, equities research analysts expect that Pioneer Natural Resources Company will post $1.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is 8.16%.

In related news, Director J Kenneth Thompson acquired 750 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the transaction, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. acquired a new position in Pioneer Natural Resources in the 2nd quarter valued at approximately $883,000. Gs Investments Inc. acquired a new position in Pioneer Natural Resources in the 2nd quarter valued at approximately $338,000. Lord Abbett & CO. LLC increased its position in Pioneer Natural Resources by 2.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 50,000 shares of the oil and gas development company’s stock valued at $7,979,000 after acquiring an additional 1,000 shares during the period. Sentry Investment Management LLC increased its position in Pioneer Natural Resources by 202.6% in the 2nd quarter. Sentry Investment Management LLC now owns 13,462 shares of the oil and gas development company’s stock valued at $2,148,000 after acquiring an additional 9,013 shares during the period. Finally, Atlantic Trust LLC increased its position in Pioneer Natural Resources by 7.9% in the 2nd quarter. Atlantic Trust LLC now owns 2,110 shares of the oil and gas development company’s stock valued at $337,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 91.57% of the company’s stock.

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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.

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