Stifel Nicolaus set a $248.00 price target on Pioneer Natural Resources Company (NYSE:PXD) in a research report released on Thursday morning. The firm currently has a buy rating on the oil and gas development company’s stock.

PXD has been the topic of several other research reports. Williams Capital set a $184.00 target price on Pioneer Natural Resources and gave the company a hold rating in a research report on Wednesday, August 2nd. Wells Fargo & Company downgraded Pioneer Natural Resources from an outperform rating to a market perform rating and decreased their target price for the company from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Pioneer Natural Resources from a hold rating to a sell rating in a research report on Thursday, July 27th. Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the company a buy rating in a research report on Friday, August 4th. Finally, BidaskClub raised Pioneer Natural Resources from a strong sell rating to a sell rating in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $201.84.

Shares of Pioneer Natural Resources (PXD) opened at 150.47 on Thursday. The firm has a 50 day moving average price of $137.49 and a 200-day moving average price of $158.82. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a market cap of $25.59 billion, a P/E ratio of 151.84 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. Analysts anticipate that Pioneer Natural Resources will post $1.12 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.

In related news, Director J Kenneth Thompson purchased 750 shares of the stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew F. Cates purchased 350 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have bought 1,200 shares of company stock valued at $161,102 over the last quarter. Company insiders own 0.89% of the company’s stock.

Large investors have recently made changes to their positions in the company. Independence Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the second quarter worth $822,000. Murphy Capital Management Inc. increased its holdings in shares of Pioneer Natural Resources by 4.5% during the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after buying an additional 4,980 shares in the last quarter. Summit Global Investments increased its holdings in shares of Pioneer Natural Resources by 83.4% during the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock worth $1,465,000 after buying an additional 4,173 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Pioneer Natural Resources by 2,397.3% during the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the first quarter worth $260,000. Institutional investors own 91.57% 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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