Shares of Pioneer Natural Resources Co. (NYSE:PXD) have earned an average recommendation of “Buy” from the thirty-nine research firms that are covering the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $185.67.

A number of research analysts have recently commented on PXD shares. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, July 5th. Williams Capital started coverage on Pioneer Natural Resources in a research note on Monday, August 29th. They set a “buy” rating and a $217.00 target price on the stock. Capital One Financial Corp. raised Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 28th. Mizuho started coverage on Pioneer Natural Resources in a research note on Wednesday, October 5th. They set a “neutral” rating and a $196.00 target price on the stock. Finally, Wunderlich cut their target price on Pioneer Natural Resources from $177.00 to $176.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th.

In related news, COO Timothy L. Dove sold 57,363 shares of Pioneer Natural Resources stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total value of $10,112,523.27. Following the sale, the chief operating officer now directly owns 289,693 shares in the company, valued at approximately $51,069,978.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank A. Risch sold 500 shares of Pioneer Natural Resources stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $185.08, for a total value of $92,540.00. Following the completion of the sale, the director now owns 11,156 shares in the company, valued at $2,064,752.48. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Hudock Capital Group LLC boosted its stake in 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 valued at $109,000 after buying an additional 125 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Pioneer Natural Resources during the first quarter worth $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 worth $143,000 after buying an additional 42 shares during the period. 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 worth $155,000 after buying an additional 22 shares during the period. 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 worth $166,000 after buying an additional 900 shares during the period. Institutional investors own 93.62% of the company’s stock.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down 0.42% on Wednesday, reaching $191.65. The company’s stock had a trading volume of 574,892 shares. The firm’s market capitalization is $32.51 billion. Pioneer Natural Resources has a one year low of $103.50 and a one year high of $193.39. The firm has a 50-day moving average price of $181.88 and a 200 day moving average price of $164.05.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date of this dividend is Wednesday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently -2.52%.

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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