Pioneer Natural Resources (PXD) EVP Sells $308,940.00 in Stock

Pioneer Natural Resources (NYSE:PXD) EVP Mark Stephen Berg sold 2,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $154.47, for a total transaction of $308,940.00. Following the transaction, the executive vice president now owns 48,719 shares of the company’s stock, valued at approximately $7,525,623.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Stephen Berg also recently made the following trade(s):

  • On Thursday, November 9th, Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock. The shares were sold at an average price of $160.79, for a total transaction of $321,580.00.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $150.66 on Thursday. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The firm has a market cap of $26,181.63, a PE ratio of 107.59, a PEG ratio of 9.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $0.13 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. sell-side analysts predict that Pioneer Natural Resources will post 1.53 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in PXD. NGAM Advisors L.P. boosted its stake in Pioneer Natural Resources by 18.3% in the 2nd quarter. NGAM Advisors L.P. now owns 29,031 shares of the oil and gas development company’s stock worth $4,633,000 after purchasing an additional 4,496 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Pioneer Natural Resources by 2.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,155 shares of the oil and gas development company’s stock worth $2,418,000 after buying an additional 392 shares during the last quarter. Bbva Compass Bancshares Inc. raised its position in Pioneer Natural Resources by 18.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 4,961 shares of the oil and gas development company’s stock worth $792,000 after buying an additional 760 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Pioneer Natural Resources by 18.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 34,723 shares of the oil and gas development company’s stock worth $5,541,000 after buying an additional 5,493 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in Pioneer Natural Resources by 2.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock worth $250,000 after buying an additional 40 shares during the last quarter. Institutional investors own 90.89% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Mizuho reissued a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Citigroup reduced their target price on shares of Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Williams Capital reduced their target price on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, October 18th. Finally, Imperial Capital assumed coverage on shares of Pioneer Natural Resources in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $194.20.

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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.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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