Pioneer Natural Resources Co. (NYSE:PXD) shares hit a new 52-week high during trading on Monday . The stock traded as high as $172.50 and last traded at $171.46, with a volume of 1,093,228 shares traded. The stock had previously closed at $168.09.

Several research analysts have recently commented on the company. Topeka Capital Markets reduced their target price on Pioneer Natural Resources from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. Royal Bank Of Canada reduced their target price on Pioneer Natural Resources from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. JPMorgan Chase & Co. set a $190.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Monday, August 1st. Nomura boosted their target price on Pioneer Natural Resources from $156.00 to $189.00 and gave the stock a “buy” rating in a report on Monday, May 2nd. Finally, Wunderlich boosted their target price on Pioneer Natural Resources from $128.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus target price of $169.47.

The company’s market cap is $29.03 billion. The firm’s 50-day moving average is $154.88 and its 200-day moving average is $145.12.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.12. During the same period last year, the firm posted $0.10 earnings per share. The company earned $786 million during the quarter, compared to the consensus estimate of $797.28 million. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities analysts anticipate that Pioneer Natural Resources Co. will post ($0.42) earnings per share for the current year.

In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,600 shares of Pioneer Natural Resources stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $149.90, for a total value of $239,840.00. Following the completion of the sale, the executive vice president now directly owns 23,428 shares of the company’s stock, valued at $3,511,857.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Timothy L. Dove sold 13,254 shares of Pioneer Natural Resources stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $152.24, for a total transaction of $2,017,788.96. Following the completion of the sale, the chief operating officer now directly owns 271,993 shares of the company’s stock, valued at $41,408,214.32. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of PXD. Ashburton Jersey Ltd bought a new stake in Pioneer Natural Resources during the fourth quarter valued at $1,483,000. Advantus Capital Management Inc increased its stake in Pioneer Natural Resources by 2.6% in the fourth quarter. Advantus Capital Management Inc now owns 14,500 shares of the oil and gas development company’s stock valued at $1,818,000 after buying an additional 371 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Pioneer Natural Resources by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,094 shares of the oil and gas development company’s stock valued at $2,143,000 after buying an additional 450 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Pioneer Natural Resources by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 19,809 shares of the oil and gas development company’s stock valued at $2,484,000 after buying an additional 1,091 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Pioneer Natural Resources by 21.4% in the fourth quarter. Advisors Asset Management Inc. now owns 24,161 shares of the oil and gas development company’s stock valued at $3,029,000 after buying an additional 4,258 shares during the last quarter.

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

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