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

Several equities analysts recently weighed in on PXD shares. Wunderlich cut their price objective on Pioneer Natural Resources from $177.00 to $176.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. Societe Generale cut Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 price objective for the company. in a research report on Thursday, August 4th. They noted that the move was a valuation call. KLR Group reissued a “buy” rating and set a $238.00 price objective (up previously from $218.00) on shares of Pioneer Natural Resources in a research report on Sunday, July 31st. Citigroup Inc. boosted their price objective on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Pioneer Natural Resources in a research report on Thursday, May 19th. 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 given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $169.47.

The stock’s market cap is $29.05 billion. The stock has a 50-day moving average of $155.83 and a 200-day moving average of $146.47.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.12. During the same period in the prior year, the business posted $0.10 earnings per share. The business had revenue of $786 million for the quarter, compared to the consensus estimate of $797.28 million. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, analysts expect that Pioneer Natural Resources Co. will post ($0.35) earnings per share for the current year.

In related news, EVP Jerome D. Hall, Jr. sold 1,600 shares of Pioneer Natural Resources stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 23,428 shares of the company’s stock, valued at $3,511,857.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Timothy L. Dove sold 13,254 shares of Pioneer Natural Resources stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 271,993 shares in the company, valued at $41,408,214.32. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in shares of 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 worth $2,143,000 after buying an additional 450 shares during the period. Bank of Montreal Can boosted its position in shares of Pioneer Natural Resources by 25.5% in the fourth quarter. Bank of Montreal Can now owns 34,608 shares of the oil and gas development company’s stock worth $4,340,000 after buying an additional 7,026 shares during the period. Principal Financial Group Inc. boosted its position in shares of Pioneer Natural Resources by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 211,618 shares of the oil and gas development company’s stock worth $26,533,000 after buying an additional 4,158 shares during the period. Aberdeen Asset Management PLC UK boosted its position in shares of Pioneer Natural Resources by 20.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 33,179 shares of the oil and gas development company’s stock worth $4,541,000 after buying an additional 5,622 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of 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 worth $2,484,000 after buying an additional 1,091 shares during the period.

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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