Pioneer Natural Resources Company (NYSE:PXD) Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded up 1.34% on Friday, reaching $133.03. 489,129 shares of the company’s stock were exchanged. The firm has a market capitalization of $22.63 billion, a P/E ratio of 134.24 and a beta of 0.91. The firm has a 50 day moving average of $152.00 and a 200 day moving average of $171.29. Pioneer Natural Resources Company has a one year low of $128.50 and a one year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. During the same quarter in the previous year, the firm earned ($0.22) EPS. The company’s revenue was up 107.4% compared to the same quarter last year. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.16 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources during the second quarter valued at approximately $100,000. Coconut Grove Bank increased its stake in Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the period. Commonwealth Bank of Australia increased its stake in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares during the period. Winch Advisory Services LLC acquired a new stake in Pioneer Natural Resources during the first quarter valued at approximately $112,000. Finally, BDO Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources during the second quarter valued at approximately $120,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Several equities analysts recently commented on PXD shares. Jefferies Group LLC set a $243.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, May 17th. Scotiabank reiterated a “buy” rating and set a $245.00 price target on shares of Pioneer Natural Resources in a report on Monday, May 15th. Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources in a report on Monday, May 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $233.00 price target on shares of Pioneer Natural Resources in a report on Friday, May 12th. Finally, Barclays PLC reiterated a “buy” rating and set a $196.00 price target (down from $204.00) on shares of Pioneer Natural Resources in a report on Thursday, April 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $210.75.

About Pioneer Natural Resources

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.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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