Pioneer Natural Resources (PXD) CEO Timothy L. Dove Sells 1,000 Shares

Pioneer Natural Resources (NYSE:PXD) CEO Timothy L. Dove sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $159.51, for a total value of $159,510.00. Following the completion of the transaction, the chief executive officer now directly owns 259,083 shares of the company’s stock, valued at approximately $41,326,329.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Pioneer Natural Resources (PXD) traded down $0.75 during trading on Friday, reaching $155.83. The company had a trading volume of 1,781,532 shares, compared to its average volume of 1,125,659. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83. The company has a market capitalization of $26,644.48, a price-to-earnings ratio of 109.50, a PEG ratio of 9.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. sell-side analysts predict that Pioneer Natural Resources will post 1.55 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of PXD. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources during the second quarter valued at approximately $100,000. Commonwealth Bank of Australia raised its position in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares during the period. BDO Wealth Advisors LLC purchased a new stake in Pioneer Natural Resources during the second quarter valued at approximately $120,000. WFG Advisors LP raised its position in Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Pioneer Natural Resources during the third quarter valued at approximately $176,000. Institutional investors and hedge funds own 90.90% of the company’s stock.

A number of research firms have recently weighed in on PXD. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Wednesday, October 11th. Jefferies Group set a $171.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Barclays upped their price objective on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Cowen reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. Finally, Mizuho reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $192.20.

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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.

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