Pioneer Natural Resources Company (PXD) EVP Kenneth H. Sheffield, Jr. Sells 3,250 Shares
Pioneer Natural Resources Company (NYSE:PXD) EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Pioneer Natural Resources Company (NYSE PXD) traded up $1.86 during midday trading on Thursday, hitting $161.43. 1,351,563 shares of the company traded hands, compared to its average volume of 2,062,887. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The firm has a market cap of $27,510.62, a price-to-earnings ratio of 113.06, a price-to-earnings-growth ratio of 11.61 and a beta of 0.96. Pioneer Natural Resources Company has a twelve month low of $125.46 and a twelve month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. equities research analysts predict that Pioneer Natural Resources Company will post 1.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. Pioneer Natural Resources’s dividend payout ratio is 11.11%.
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A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $236.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets dropped their target price on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Wednesday, October 11th. Jefferies Group LLC set a $171.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Barclays PLC upped their target price on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $193.62.
Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System lifted its stake in Pioneer Natural Resources by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after purchasing an additional 4,040 shares during the last quarter. Independence Advisors LLC bought a new position in Pioneer Natural Resources in the 2nd quarter valued at approximately $822,000. Murphy Capital Management Inc. lifted its stake in Pioneer Natural Resources by 4.5% in the 2nd quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock valued at $18,364,000 after purchasing an additional 4,980 shares during the last quarter. Summit Global Investments lifted its stake in Pioneer Natural Resources by 83.4% in the 2nd quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after purchasing an additional 4,173 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in Pioneer Natural Resources by 66.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock valued at $30,504,000 after purchasing an additional 76,268 shares during the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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