Pioneer Natural Resources Company (NYSE:PXD) EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.79, for a total value of $321,580.00. Following the sale, the executive vice president now directly owns 50,719 shares of the company’s stock, valued at $8,155,108.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at $156.92 on Tuesday. The company has a market cap of $27,044.37, a P/E ratio of 111.14, a price-to-earnings-growth ratio of 11.11 and a beta of 0.96. Pioneer Natural Resources Company has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. equities analysts expect that Pioneer Natural Resources Company will post 1.4 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the company. Capital World Investors lifted its stake in shares of Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after buying an additional 2,500,000 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Pioneer Natural Resources by 706.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock valued at $319,475,000 after buying an additional 1,757,576 shares in the last quarter. Boston Partners lifted its stake in shares of Pioneer Natural Resources by 48.5% during the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Pioneer Natural Resources by 1,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock valued at $92,095,000 after buying an additional 530,517 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at $75,317,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Friday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $180.00 target price on shares of Pioneer Natural Resources in a report on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, November 3rd. Sanford C. Bernstein upped their target price on Pioneer Natural Resources from $173.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Jefferies Group LLC upped their target price on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $194.07.

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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