SunTrust Banks, Inc. reissued their buy rating on shares of Pioneer Natural Resources Company (NYSE:PXD) in a research note released on Friday. The firm currently has a $180.00 price target on the oil and gas development company’s stock.

Several other research analysts have also recently issued reports on the company. Morgan Stanley reduced their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an overweight rating for the company in a research note on Wednesday, October 18th. Jefferies Group LLC set a $171.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a research note on Tuesday, August 29th. Zacks Investment Research cut Pioneer Natural Resources from a hold rating to a sell rating in a research note on Monday, July 17th. Stifel Nicolaus set a $248.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada set a $201.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a research note on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of Buy and an average target price of $193.62.

Pioneer Natural Resources (PXD) opened at $158.80 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $25,574.14, a P/E ratio of 105.10, a price-to-earnings-growth ratio of 11.73 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. equities analysts predict that Pioneer Natural Resources will post 1.25 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. Pioneer Natural Resources’s dividend payout ratio is currently 11.11%.

In other Pioneer Natural Resources news, Director Andrew F. Cates acquired 350 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now directly 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 ninety days, insiders have bought 1,200 shares of company stock valued at $161,102. Insiders own 0.89% of the company’s stock.

Several large investors have recently added to or reduced their stakes in PXD. Capital World Investors boosted its position 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 worth $1,277,438,000 after acquiring an additional 2,500,000 shares in the last quarter. Ameriprise Financial Inc. boosted its position 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 worth $319,475,000 after acquiring an additional 1,757,576 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Pioneer Natural Resources by 68,788.6% during the 1st quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock worth $166,779,000 after acquiring an additional 894,252 shares in the last quarter. Boston Partners boosted its position 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 worth $349,928,000 after acquiring an additional 716,266 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position 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 worth $92,095,000 after acquiring an additional 530,517 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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