Pioneer Natural Resources (NYSE:PXD) had its target price boosted by MKM Partners from $207.00 to $220.00 in a research report released on Monday morning, The Fly reports.

A number of other equities analysts have also recently commented on PXD. Truist Financial raised shares of Pioneer Natural Resources from a hold rating to a buy rating in a research report on Wednesday, December 23rd. Truist lifted their price objective on shares of Pioneer Natural Resources from $135.00 to $175.00 in a research report on Thursday, February 25th. Mizuho lifted their target price on Pioneer Natural Resources from $186.00 to $213.00 in a report on Monday. Barclays lifted their target price on Pioneer Natural Resources from $151.00 to $153.00 and gave the stock an overweight rating in a report on Thursday, January 14th. Finally, The Goldman Sachs Group began coverage on Pioneer Natural Resources in a report on Thursday, January 21st. They set a buy rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-two have given 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 price target of $169.33.

PXD stock opened at $153.53 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.32. The company has a fifty day moving average price of $156.09 and a two-hundred day moving average price of $118.49. Pioneer Natural Resources has a one year low of $67.00 and a one year high of $169.49. The stock has a market cap of $33.25 billion, a price-to-earnings ratio of 150.52, a price-to-earnings-growth ratio of 2.72 and a beta of 1.92.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Monday, February 22nd. The oil and gas development company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.37. Pioneer Natural Resources had a net margin of 2.30% and a return on equity of 4.67%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the business posted $2.36 earnings per share. The company’s revenue for the quarter was down 30.3% compared to the same quarter last year. Research analysts anticipate that Pioneer Natural Resources will post 1.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $0.56 per share. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $2.24 annualized dividend and a yield of 1.46%. Pioneer Natural Resources’s payout ratio is presently 27.38%.

In other news, CEO Scott D. Sheffield sold 29,882 shares of the business’s stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $162.73, for a total transaction of $4,862,697.86. Following the sale, the chief executive officer now directly owns 456,949 shares in the company, valued at $74,359,310.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry R. Grillot sold 500 shares of the business’s stock in a transaction dated Wednesday, March 17th. The stock was sold at an average price of $166.13, for a total value of $83,065.00. Following the sale, the director now owns 11,223 shares in the company, valued at $1,864,476.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,338 shares of company stock worth $8,536,408. Company insiders own 0.91% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Pioneer Natural Resources by 0.9% during the fourth quarter. BlackRock Inc. now owns 16,231,486 shares of the oil and gas development company’s stock worth $1,848,603,000 after purchasing an additional 143,293 shares during the last quarter. Aristotle Capital Management LLC grew its holdings in shares of Pioneer Natural Resources by 6.6% during the fourth quarter. Aristotle Capital Management LLC now owns 3,277,457 shares of the oil and gas development company’s stock worth $370,724,000 after purchasing an additional 201,892 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Pioneer Natural Resources by 5.8% during the third quarter. Nuveen Asset Management LLC now owns 2,217,517 shares of the oil and gas development company’s stock worth $190,684,000 after purchasing an additional 122,413 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Pioneer Natural Resources by 6.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,701,108 shares of the oil and gas development company’s stock worth $193,739,000 after purchasing an additional 108,211 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Pioneer Natural Resources by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,603,825 shares of the oil and gas development company’s stock worth $182,676,000 after purchasing an additional 14,972 shares during the last quarter. Institutional investors own 89.92% 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. As of December 31, 2019, the company had proved undeveloped reserves and proved developed non-producing reserves of 39 million barrels of oil, 16 million barrels of NGLs, and 83 billion cubic feet of gas; and owned interests in 11 gas processing plants.

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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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