Pioneer Natural Resources (NYSE:PXD) shares hit a new 52-week high and low during trading on Monday . The company traded as low as $197.67 and last traded at $196.22, with a volume of 670667 shares trading hands. The stock had previously closed at $194.95.
A number of research analysts have commented on PXD shares. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a research report on Tuesday, December 26th. Piper Jaffray reiterated a “buy” rating and set a $207.00 price target on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. BMO Capital Markets reiterated a “buy” rating and set a $225.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, January 11th. Finally, Credit Suisse Group set a $218.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $216.91.
The company has a market capitalization of $33,200.14, a P/E ratio of 91.38, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 28th. This represents a yield of 0.18%. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.
Pioneer Natural Resources declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
In other news, Director Scott D. Sheffield sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $170.93, for a total transaction of $341,860.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Margaret Montemayor sold 1,410 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $179.33, for a total value of $252,855.30. Following the transaction, the chief accounting officer now owns 7,586 shares of the company’s stock, valued at $1,360,397.38. The disclosure for this sale can be found here. Insiders have sold 18,207 shares of company stock valued at $3,219,653 in the last three months. Insiders own 0.92% of the company’s stock.
Several large investors have recently modified their holdings of PXD. Captrust Financial Advisors bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $104,000. Pin Oak Investment Advisors Inc. bought a new stake in Pioneer Natural Resources in the 4th quarter worth about $129,000. Banco de Sabadell S.A bought a new stake in Pioneer Natural Resources in the 4th quarter worth about $147,000. Savant Capital LLC bought a new stake in Pioneer Natural Resources in the 4th quarter worth about $208,000. Finally, Cetera Advisors LLC bought a new stake in Pioneer Natural Resources in the 4th quarter worth about $215,000. Hedge funds and other institutional investors own 89.50% of the company’s stock.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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