Pioneer Natural Resources Sees Unusually High Options Volume (PXD)
Pioneer Natural Resources Company (NYSE:PXD) was the target of unusually large options trading on Wednesday. Stock investors purchased 14,762 call options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 call options.
PXD has been the topic of a number of recent research reports. BMO Capital Markets set a $214.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 8th. Barclays PLC set a $136.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, August 4th. Citigroup Inc. lowered their price target on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Cowen and Company set a $210.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $193.62.
Shares of Pioneer Natural Resources (NYSE PXD) opened at $150.29 on Monday. The stock has a market capitalization of $25,564.03, a price-to-earnings ratio of 105.10, a PEG ratio of 11.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.84.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results 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. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. equities research analysts predict that Pioneer Natural Resources will post 1.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors 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 0.11%. Pioneer Natural Resources’s dividend payout ratio is presently 11.11%.
In related news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on 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 in the company, valued at approximately $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson bought 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders purchased a total of 1,200 shares of company stock worth $161,102 over the last 90 days. Insiders own 0.89% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of PXD. GWM Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the 2nd quarter worth about $100,000. Commonwealth Bank of Australia lifted its position in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the 2nd quarter worth about $120,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Pioneer Natural Resources during the 1st quarter worth about $172,000. Finally, WFG Advisors LP lifted its position in shares of Pioneer Natural Resources by 10.2% during the 2nd 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 last quarter. 91.82% 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.
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