Pioneer Natural Resources (PXD) Director Scott D. Sheffield Sells 2,000 Shares
Pioneer Natural Resources (NYSE:PXD) Director Scott D. Sheffield sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $170.93, for a total transaction of $341,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up $7.33 during trading hours on Wednesday, reaching $179.50. 1,690,000 shares of the company’s stock were exchanged, compared to its average volume of 1,900,000. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.31. The company has a market capitalization of $30,540.00, a price-to-earnings ratio of 36.63, a PEG ratio of 2.90 and a beta of 0.92. 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 issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.63. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The company’s quarterly revenue was up 48.4% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. sell-side analysts expect that Pioneer Natural Resources will post 5.46 EPS for the current year.
Pioneer Natural Resources declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several analysts have recently commented on PXD shares. Morgan Stanley lowered their target price on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Jefferies Group increased their target price on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Friday, December 15th. Seaport Global Securities upgraded shares of Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Mizuho set a $202.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $211.77.
A number of large investors have recently modified their holdings of PXD. Captrust Financial Advisors bought a new position in Pioneer Natural Resources during the fourth quarter worth about $104,000. WFG Advisors LP boosted its position in 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 purchasing an additional 102 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Pioneer Natural Resources during the third quarter worth about $176,000. Shelton Capital Management bought a new position in Pioneer Natural Resources during the second quarter worth about $205,000. Finally, Cetera Investment Advisers bought a new position in Pioneer Natural Resources during the second quarter worth about $206,000. Hedge funds and other institutional investors own 90.58% 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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