Research analysts at Mizuho began coverage on shares of Pioneer Natural Resources Co. (NYSE:PXD) in a research report issued to clients and investors on Wednesday. The brokerage set a “neutral” rating and a $196.00 price target on the oil and gas development company’s stock. Mizuho’s price objective would indicate a potential upside of 5.26% from the company’s current price.

PXD has been the subject of several other research reports. KeyCorp upped their target price on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Credit Suisse Group AG reiterated an “outperform” rating and issued a $212.00 price target (up previously from $182.25) on shares of Pioneer Natural Resources in a research report on Wednesday, August 24th. KLR Group reiterated a “buy” rating and issued a $238.00 price target (up previously from $218.00) on shares of Pioneer Natural Resources in a research report on Sunday, July 31st. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Tuesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus target price of $178.63.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 186.20 on Wednesday. Pioneer Natural Resources has a 12 month low of $103.50 and a 12 month high of $190.94. The stock has a 50 day moving average of $181.28 and a 200 day moving average of $162.78. The firm’s market cap is $31.58 billion.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.12. Pioneer Natural Resources had a negative net margin of 10.75% and a negative return on equity of 1.79%. The business earned $786 million during the quarter, compared to analysts’ expectations of $797.28 million. During the same quarter in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts expect that Pioneer Natural Resources will post ($0.25) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, September 30th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.09%. Pioneer Natural Resources’s payout ratio is -2.52%.

In related news, EVP Jerome D. Hall, Jr. sold 1,000 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $183.24, for a total value of $183,240.00. Following the sale, the executive vice president now directly owns 21,994 shares of the company’s stock, valued at approximately $4,030,180.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Larry R. Grillot sold 500 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $164.72, for a total transaction of $82,360.00. Following the completion of the sale, the director now directly owns 6,026 shares in the company, valued at $992,602.72. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. First American Bank boosted its stake in shares of Pioneer Natural Resources by 4.8% in the third quarter. First American Bank now owns 18,395 shares of the oil and gas development company’s stock worth $3,415,000 after buying an additional 836 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Pioneer Natural Resources by 1.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 141,888 shares of the oil and gas development company’s stock worth $26,342,000 after buying an additional 1,582 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Pioneer Natural Resources by 1,184.0% in the second quarter. Macquarie Group Ltd. now owns 55,210 shares of the oil and gas development company’s stock worth $8,348,000 after buying an additional 50,910 shares during the last quarter. Williams Jones & Associates LLC boosted its stake in shares of Pioneer Natural Resources by 16.0% in the second quarter. Williams Jones & Associates LLC now owns 4,725 shares of the oil and gas development company’s stock worth $714,000 after buying an additional 650 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Pioneer Natural Resources during the second quarter worth approximately $999,000. 93.62% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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