Pioneer Natural Resources Co. (NYSE:PXD) hit a new 52-week high on Monday . The stock 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.

Several equities research analysts have recently weighed in on PXD shares. Nomura raised their target price on Pioneer Natural Resources from $156.00 to $189.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Deutsche Bank AG lifted their price target on Pioneer Natural Resources from $159.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Vetr raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $157.33 price target on the stock in a research report on Monday, April 25th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, July 5th. Finally, Royal Bank Of Canada cut their price target on Pioneer Natural Resources from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $170.44.

The company’s market capitalization is $30.32 billion. The firm has a 50 day moving average of $158.82 and a 200 day moving average of $148.65.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.12. The company had revenue of $786 million for the quarter, compared to the consensus estimate of $797.28 million. The business’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, analysts expect that Pioneer Natural Resources Co. will post ($0.32) EPS for the current fiscal year.

In other news, Director Larry R. Grillot sold 500 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $164.72, for a total value of $82,360.00. Following the completion of the sale, the director now owns 6,026 shares of the company’s stock, valued at $992,602.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Timothy L. Dove sold 13,254 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $152.24, for a total value 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 approximately $41,408,214.32. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the company. Advisors Asset Management Inc. boosted its stake 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 valued at $3,029,000 after buying an additional 4,258 shares during the period. KBC Group NV boosted its stake in shares of Pioneer Natural Resources by 16.1% in the fourth quarter. KBC Group NV now owns 44,516 shares of the oil and gas development company’s stock valued at $5,581,000 after buying an additional 6,187 shares during the period. Bridgewater Associates LP boosted its stake in shares of Pioneer Natural Resources by 8.6% in the fourth quarter. Bridgewater Associates LP now owns 45,400 shares of the oil and gas development company’s stock valued at $5,692,000 after buying an additional 3,600 shares during the period. King Luther Capital Management Corp boosted its stake in shares of Pioneer Natural Resources by 29.1% in the fourth quarter. King Luther Capital Management Corp now owns 112,062 shares of the oil and gas development company’s stock valued at $14,050,000 after buying an additional 25,287 shares during the period. Finally, I.G. Investment Management LTD. boosted its stake 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 valued at $14,114,000 after buying an additional 10,783 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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