Pioneer Natural Resources Co. (NYSE:PXD)’s share price hit a new 52-week high on Monday . The company traded as high as $178.79 and last traded at $178.37, with a volume of 678,448 shares traded. The stock had previously closed at $176.52.

A number of equities analysts recently weighed in on PXD shares. Vetr lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $157.33 target price for the company. in a research report on Tuesday, April 19th. KLR Group restated a “buy” rating and set a $238.00 target price (up previously from $218.00) on shares of Pioneer Natural Resources in a research report on Sunday, July 31st. Robert W. Baird restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Thursday, June 16th. BMO Capital Markets restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Wednesday, June 22nd. Finally, Topeka Capital Markets upped their target price on shares of Pioneer Natural Resources from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $170.44.

The stock has a 50-day moving average price of $157.15 and a 200-day moving average price of $147.34. The firm’s market capitalization is $30.45 billion.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.12. The business had revenue of $786 million for the quarter, compared to analysts’ expectations of $797.28 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts predict that Pioneer Natural Resources Co. will post ($0.33) earnings per share for the current fiscal year.

In other news, Director J Kenneth Thompson sold 750 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $171.51, for a total transaction of $128,632.50. Following the completion of the transaction, the director now directly owns 9,453 shares of the company’s stock, valued at $1,621,284.03. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $171.53, for a total value of $343,060.00. Following the transaction, the executive vice president now directly owns 49,266 shares of the company’s stock, valued at $8,450,596.98. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in PXD. Mutual of America Capital Management LLC increased 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 in the last quarter. Bank of Montreal Can increased 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 in the last quarter. Principal Financial Group Inc. increased 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 in the last quarter. Advisors Asset Management Inc. increased its position in shares of 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 worth $3,029,000 after buying an additional 4,258 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its position in shares of Pioneer Natural Resources by 10.6% in the fourth quarter. I.G. Investment Management LTD. now owns 112,570 shares of the oil and gas development company’s stock worth $14,114,000 after buying an additional 10,783 shares in 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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