Barclays Trims Pioneer Natural Resources (NYSE:PXD) Target Price to $189.00
Pioneer Natural Resources (NYSE:PXD) had its target price cut by Barclays from $223.00 to $189.00 in a research report released on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the oil and gas development company’s stock.
Several other equities research analysts have also recently commented on the stock. KeyCorp lifted their price target on shares of Pioneer Natural Resources from $168.00 to $172.00 and gave the stock an overweight rating in a research report on Tuesday, October 15th. ValuEngine upgraded shares of Pioneer Natural Resources from a sell rating to a hold rating in a report on Tuesday, December 3rd. Howard Weil initiated coverage on shares of Pioneer Natural Resources in a research note on Wednesday, November 13th. They issued a sector perform rating on the stock. Scotiabank assumed coverage on shares of Pioneer Natural Resources in a report on Tuesday, November 12th. They set a sector perform rating and a $154.00 target price for the company. Finally, Wells Fargo & Co upped their target price on shares of Pioneer Natural Resources from $190.00 to $191.00 and gave the company an outperform rating in a research report on Friday, September 20th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $179.65.
Shares of PXD opened at $133.90 on Friday. The stock’s fifty day simple moving average is $129.98 and its 200-day simple moving average is $134.59. The firm has a market capitalization of $22.18 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. Pioneer Natural Resources has a 12-month low of $114.79 and a 12-month high of $178.22. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.44 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.31%. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 13.95%.
In related news, CAO Margaret Montemayor sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $133.90, for a total value of $160,680.00. Also, EVP Chris J. Cheatwood sold 5,619 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $140.35, for a total value of $788,626.65. Following the completion of the transaction, the executive vice president now owns 39,027 shares of the company’s stock, valued at $5,477,439.45. The disclosure for this sale can be found here. Insiders sold 8,819 shares of company stock valued at $1,217,107 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its stake in Pioneer Natural Resources by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,985 shares of the oil and gas development company’s stock worth $1,382,000 after purchasing an additional 172 shares during the period. AE Wealth Management LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth about $201,000. Creative Planning raised its position in Pioneer Natural Resources by 14.1% in the 2nd quarter. Creative Planning now owns 8,247 shares of the oil and gas development company’s stock valued at $1,269,000 after buying an additional 1,020 shares during the last quarter. Advisor Partners LLC raised its position in Pioneer Natural Resources by 19.6% in the 2nd quarter. Advisor Partners LLC now owns 3,780 shares of the oil and gas development company’s stock valued at $582,000 after buying an additional 619 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Pioneer Natural Resources by 11.7% in the 2nd quarter. SG Americas Securities LLC now owns 40,647 shares of the oil and gas development company’s stock valued at $6,254,000 after buying an additional 4,257 shares during the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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