Pioneer Natural Resources (NYSE:PXD) Short Interest Down 16.5% in November
Pioneer Natural Resources (NYSE:PXD) was the target of a significant decrease in short interest in the month of November. As of November 29th, there was short interest totalling 3,840,000 shares, a decrease of 16.5% from the November 14th total of 4,600,000 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is presently 2.4 days.
Pioneer Natural Resources stock traded up $3.36 during midday trading on Thursday, reaching $139.55. 1,346,138 shares of the company traded hands, compared to its average volume of 1,724,836. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The business has a 50 day moving average of $130.93 and a two-hundred day moving average of $134.13. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.68.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.03). The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. As a group, equities analysts forecast that Pioneer Natural Resources will post 8.03 EPS for the current year.
Several research analysts have recently issued reports on PXD shares. Howard Weil started coverage on shares of Pioneer Natural Resources in a research note on Wednesday, November 13th. They issued a “sector perform” rating on the stock. Mizuho upgraded shares of Pioneer Natural Resources from a “neutral” rating to a “buy” rating and set a $191.00 target price on the stock in a research note on Thursday, October 10th. Citigroup reiterated a “buy” rating and issued a $175.00 target price (up previously from $173.00) on shares of Pioneer Natural Resources in a research note on Wednesday, November 13th. Wells Fargo & Co upped their target price on shares of Pioneer Natural Resources from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley dropped their target price on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, October 4th. Five investment 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’s stock. The company currently has an average rating of “Buy” and an average target price of $177.97.
In other news, CAO Margaret Montemayor sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $133.90, for a total value of $160,680.00. Also, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $133.90, for a total transaction of $267,800.00. In the last 90 days, insiders sold 8,819 shares of company stock worth $1,217,107. Corporate insiders own 0.91% of the company’s stock.
A number of institutional investors have recently modified their holdings of PXD. Nomura Holdings Inc. raised its position in Pioneer Natural Resources by 102.5% in the third quarter. Nomura Holdings Inc. now owns 19,094 shares of the oil and gas development company’s stock worth $2,326,000 after acquiring an additional 9,664 shares during the period. Man Group plc raised its position in Pioneer Natural Resources by 40.3% in the third quarter. Man Group plc now owns 53,484 shares of the oil and gas development company’s stock worth $6,726,000 after acquiring an additional 15,352 shares during the period. Squarepoint Ops LLC raised its position in Pioneer Natural Resources by 2.9% in the third quarter. Squarepoint Ops LLC now owns 43,550 shares of the oil and gas development company’s stock worth $5,477,000 after acquiring an additional 1,212 shares during the period. Voloridge Investment Management LLC bought a new position in Pioneer Natural Resources in the third quarter worth approximately $7,353,000. Finally, Worldquant Millennium Advisors LLC bought a new position in Pioneer Natural Resources in the third quarter worth approximately $1,871,000. 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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