Pioneer Natural Resources (NYSE:PXD)‘s stock had its “neutral” rating reissued by Susquehanna Bancshares in a research note issued on Wednesday, January 17th, MarketBeat Ratings reports. They presently have a $207.00 target price on the oil and gas development company’s stock. Susquehanna Bancshares’ price target points to a potential upside of 25.42% from the company’s current price.
Several other equities analysts also recently commented on PXD. Mizuho reissued a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. Williams Capital reduced their price target on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, October 18th. UBS Group cut shares of Pioneer Natural Resources from a “positive” rating to a “neutral” rating in a research report on Wednesday, January 17th. Jefferies Group set a $192.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $207.88.
Pioneer Natural Resources (PXD) traded down $4.11 on Wednesday, hitting $165.05. 2,812,272 shares of the company were exchanged, compared to its average volume of 1,800,189. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.58 and a current ratio of 1.41. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The stock has a market capitalization of $28,085.73, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.98 and a beta of 0.92.
Pioneer Natural Resources declared that its board has initiated a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the transaction, the senior vice president now owns 12,861 shares in the company, valued at $2,036,796.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Chris J. Cheatwood sold 2,201 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $167.82, for a total transaction of $369,371.82. Following the transaction, the executive vice president now owns 42,909 shares in the company, valued at approximately $7,200,988.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,106 shares of company stock worth $4,444,339. Corporate insiders own 0.89% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Pioneer Natural Resources by 11.4% in the 4th quarter. BlackRock Inc. now owns 13,552,443 shares of the oil and gas development company’s stock worth $2,342,540,000 after buying an additional 1,389,479 shares during the period. Vanguard Group Inc. grew its stake in shares of Pioneer Natural Resources by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock worth $1,934,718,000 after purchasing an additional 295,861 shares during the period. Capital World Investors grew its stake in shares of Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after purchasing an additional 2,500,000 shares during the period. Carmignac Gestion grew its stake in shares of Pioneer Natural Resources by 10.7% during the 2nd quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock worth $483,364,000 after purchasing an additional 292,612 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Pioneer Natural Resources by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,683,875 shares of the oil and gas development company’s stock worth $463,908,000 after purchasing an additional 329,971 shares during the period. Institutional investors own 90.97% of the company’s stock.
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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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