Pioneer Natural Resources Co. (NYSE:PXD) announced a quarterly dividend on Thursday, August 25th. Investors of record on Friday, September 30th will be given a dividend of 0.04 per share by the oil and gas development company on Wednesday, October 12th. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date is Wednesday, September 28th.

Pioneer Natural Resources (NYSE:PXD) opened at 179.05 on Friday. The stock has a 50 day moving average price of $178.90 and a 200-day moving average price of $159.41. The company’s market capitalization is $30.37 billion. Pioneer Natural Resources has a 1-year low of $103.50 and a 1-year high of $190.94.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.12. The firm earned $786 million during the quarter, compared to analyst estimates of $797.28 million. Pioneer Natural Resources had a negative net margin of 10.75% and a negative return on equity of 1.79%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Equities analysts predict that Pioneer Natural Resources will post ($0.30) earnings per share for the current year.

In related news, SVP Mark H. Kleinman sold 1,000 shares of the company’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $151.01, for a total value of $151,010.00. Following the completion of the transaction, the senior vice president now directly owns 16,816 shares of the company’s stock, valued at approximately $2,539,384.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,600 shares of the company’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $149.90, for a total transaction of $239,840.00. Following the completion of the transaction, the executive vice president now directly owns 23,428 shares of the company’s stock, valued at $3,511,857.20. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its position in Pioneer Natural Resources by 4.4% in the second quarter. Fifth Third Bancorp now owns 2,548 shares of the oil and gas development company’s stock worth $385,000 after buying an additional 107 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Pioneer Natural Resources by 83.9% in the second quarter. Janney Montgomery Scott LLC now owns 16,208 shares of the oil and gas development company’s stock worth $2,450,000 after buying an additional 7,394 shares in the last quarter. Public Sector Pension Investment Board increased its position in Pioneer Natural Resources by 17.0% in the second quarter. Public Sector Pension Investment Board now owns 30,978 shares of the oil and gas development company’s stock worth $4,684,000 after buying an additional 4,500 shares in the last quarter. AXA increased its position in Pioneer Natural Resources by 77.1% in the second quarter. AXA now owns 121,721 shares of the oil and gas development company’s stock worth $18,405,000 after buying an additional 52,994 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Pioneer Natural Resources by 0.8% in the second quarter. Alliancebernstein L.P. now owns 297,985 shares of the oil and gas development company’s stock worth $45,058,000 after buying an additional 2,271 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.

PXD has been the topic of several analyst reports. KeyCorp raised their target price on Pioneer Natural Resources from $190.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Credit Suisse Group AG restated an “outperform” rating and issued a $212.00 target price (up from $182.25) on shares of Pioneer Natural Resources in a research report on Wednesday, August 24th. KLR Group restated a “buy” rating and issued a $238.00 target price (up 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. Finally, BMO Capital Markets restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $178.03.

About Pioneer Natural Resources

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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