Pioneer Natural Resources Company (PXD) Chairman Sells $805,700.00 in Stock
Pioneer Natural Resources Company (NYSE:PXD) Chairman Scott D. Sheffield sold 5,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $161.14, for a total value of $805,700.00. Following the transaction, the chairman now directly owns 585,466 shares in the company, valued at $94,341,991.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Pioneer Natural Resources Company (NYSE:PXD) traded down $2.21 on Monday, reaching $158.93. The company had a trading volume of 1,394,500 shares, compared to its average volume of 1,894,526. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The firm has a market cap of $26,710.00, a price-to-earnings ratio of 111.14, a P/E/G ratio of 11.11 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. research analysts expect that Pioneer Natural Resources Company will post 1.4 EPS for the current year.
A number of brokerages recently weighed in on PXD. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Wednesday, October 11th. Jefferies Group LLC set a $171.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Barclays PLC lifted their price target on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Finally, Cowen and Company reissued a “buy” rating and issued a $210.00 price target on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $194.07.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors increased its position in Pioneer Natural Resources by 45.4% in the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares during the period. Ameriprise Financial Inc. increased its position in Pioneer Natural Resources by 706.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after buying an additional 1,757,576 shares during the period. Boston Partners increased its position in Pioneer Natural Resources by 48.5% in the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after buying an additional 716,266 shares during the period. Janus Henderson Group PLC increased its position in Pioneer Natural Resources by 1,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after buying an additional 530,517 shares during the period. Finally, First Eagle Investment Management LLC bought a new position in Pioneer Natural Resources in the 3rd quarter worth approximately $75,317,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.
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.
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