Pioneer Natural Resources Co. (NYSE:PXD) had its price objective hoisted by investment analysts at Wunderlich from $182.00 to $207.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Wunderlich’s price objective would indicate a potential upside of 11.06% from the stock’s current price.

A number of other analysts have also commented on PXD. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Tuesday, July 5th. BMO Capital Markets reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Wednesday, June 22nd. Credit Agricole SA assumed coverage on shares of Pioneer Natural Resources in a research note on Wednesday, June 22nd. They set a “buy” rating for the company. Drexel Hamilton reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Thursday, June 16th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $179.66.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 186.39 on Monday. Pioneer Natural Resources has a 1-year low of $103.50 and a 1-year high of $190.94. The firm’s 50-day moving average is $181.35 and its 200 day moving average is $163.10. The stock’s market capitalization is $31.61 billion.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ 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 company earned $786 million during the quarter, compared to analyst estimates of $797.28 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources will post ($0.25) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, September 30th will be given a $0.04 dividend. The ex-dividend date 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, Director Larry R. Grillot sold 500 shares of Pioneer Natural Resources stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $164.72, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $183.24, for a total value of $183,240.00. Following the completion of the sale, the executive vice president now owns 21,994 shares of the company’s stock, valued at $4,030,180.56. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in PXD. Hudock Capital Group LLC raised its stake in shares of Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 125 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Pioneer Natural Resources during the first quarter valued at about $137,000. Park Avenue Institutional Advisers LLC raised its position in Pioneer Natural Resources by 4.3% in the first quarter. Park Avenue Institutional Advisers LLC now owns 1,017 shares of the oil and gas development company’s stock valued at $143,000 after buying an additional 42 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock valued at $155,000 after buying an additional 22 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd raised its position in Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.

About Pioneer Natural Resources

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.

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