Pioneer Natural Resources (PXD) CEO Sells $159,510.00 in Stock
Pioneer Natural Resources (NYSE:PXD) CEO Timothy L. Dove sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $159.51, for a total transaction of $159,510.00. Following the completion of the sale, the chief executive officer now directly owns 259,083 shares in the company, valued at $41,326,329.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Pioneer Natural Resources (NYSE PXD) traded down $0.75 during mid-day trading on Friday, reaching $155.83. 1,781,532 shares of the company’s stock traded hands, compared to its average volume of 1,125,659. The company has a market capitalization of $26,644.48, a price-to-earnings ratio of 109.50, a price-to-earnings-growth ratio of 9.91 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. equities research analysts predict that Pioneer Natural Resources will post 1.55 earnings per share for the current fiscal year.
Several research firms recently issued reports on PXD. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a report on Friday. Mizuho reaffirmed a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a report on Friday, November 3rd. Credit Suisse Group began coverage on shares of Pioneer Natural Resources in a report on Monday, December 11th. They issued an “outperform” rating and a $192.00 price target on the stock. BMO Capital Markets set a $200.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, Williams Capital cut their price target on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $192.20.
Several institutional investors have recently added to or reduced their stakes in PXD. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth about $100,000. Commonwealth Bank of Australia grew its position in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth about $120,000. WFG Advisors LP grew its position in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Pioneer Natural Resources during the third quarter worth about $176,000. Institutional investors and hedge funds own 90.90% of the company’s stock.
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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