Shares of Pioneer Natural Resources Co. (NYSE:PXD) gapped up prior to trading on Thursday . The stock had previously closed at $179.75, but opened at $180.30. Pioneer Natural Resources shares last traded at $183.47, with a volume of 794,143 shares changing hands.

PXD has been the topic of several research reports. Wunderlich lowered their target price on Pioneer Natural Resources from $177.00 to $176.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Societe Generale lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 target price on the stock. in a report on Thursday, August 4th. They noted that the move was a valuation call. KLR Group reissued a “buy” rating and issued a $238.00 target price (up previously from $218.00) on shares of Pioneer Natural Resources in a report on Sunday, July 31st. Citigroup Inc. upped their target price on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Pioneer Natural Resources in a report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $171.85.

The firm’s market cap is $31.48 billion. The firm’s 50 day moving average is $161.60 and its 200 day moving average is $149.59.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.12. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The business 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. On average, analysts expect that Pioneer Natural Resources Co. will post ($0.29) earnings per share for the current fiscal year.

In other news, SVP Mark H. Kleinman sold 1,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $151.01, for a total value of $151,010.00. Following the transaction, the senior vice president now directly owns 16,816 shares in the company, valued at $2,539,384.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Kenneth Thompson sold 750 shares of Pioneer Natural Resources stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $171.51, for a total value of $128,632.50. Following the completion of the transaction, the director now owns 9,453 shares in the company, valued at $1,621,284.03. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Advisors Asset Management Inc. raised its position 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 worth $3,029,000 after buying an additional 4,258 shares during the last quarter. Principal Financial Group Inc. raised its position in 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 last quarter. Jennison Associates LLC raised its position in Pioneer Natural Resources by 9.8% in the fourth quarter. Jennison Associates LLC now owns 417,065 shares of the oil and gas development company’s stock worth $52,292,000 after buying an additional 37,095 shares during the last quarter. I.G. Investment Management LTD. raised its position in 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 during the last quarter. Finally, KBC Group NV raised its position in 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 worth $5,581,000 after buying an additional 6,187 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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