Pioneer Natural Resources (NYSE:PXD) has been given a consensus rating of “Buy” by the thirty-two ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $212.88.
A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $280.00 target price (up from $260.00) on shares of Pioneer Natural Resources in a research report on Wednesday, February 14th. Citigroup upped their target price on shares of Pioneer Natural Resources from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. National Alliance Securities raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Piper Jaffray Companies set a $226.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, TheStreet raised shares of Pioneer Natural Resources from a “c” rating to a “b” rating in a research note on Tuesday, February 6th.
In other news, Director Larry R. Grillot sold 200 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $159.35, for a total transaction of $31,870.00. Following the completion of the sale, the director now owns 7,097 shares of the company’s stock, valued at $1,130,906.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chris J. Cheatwood sold 2,201 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $167.82, for a total transaction of $369,371.82. Following the sale, the executive vice president now directly owns 42,909 shares of the company’s stock, valued at approximately $7,200,988.38. The disclosure for this sale can be found here. Insiders have sold 27,306 shares of company stock valued at $4,506,785 in the last three months. 0.89% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of PXD. Shelton Capital Management bought a new stake in shares of Pioneer Natural Resources during the second quarter worth $205,000. Westwood Holdings Group Inc. boosted its holdings in Pioneer Natural Resources by 45.8% during the second quarter. Westwood Holdings Group Inc. now owns 2,930 shares of the oil and gas development company’s stock worth $468,000 after purchasing an additional 920 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Pioneer Natural Resources by 7.1% during the second quarter. Sterling Capital Management LLC now owns 8,268 shares of the oil and gas development company’s stock worth $1,319,000 after purchasing an additional 549 shares during the last quarter. National Asset Management Inc. acquired a new position in Pioneer Natural Resources during the second quarter worth $210,000. Finally, Cetera Investment Advisers acquired a new position in Pioneer Natural Resources during the second quarter worth $206,000. 89.92% of the stock is owned by institutional investors.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down $0.80 during mid-day trading on Wednesday, hitting $178.79. 1,243,700 shares of the stock were exchanged, compared to its average volume of 1,857,700. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $196.91. The firm has a market capitalization of $30,423.85, a price-to-earnings ratio of 82.77, a price-to-earnings-growth ratio of 2.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.31.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business earned $0.49 earnings per share. Pioneer Natural Resources’s quarterly revenue was up 48.4% on a year-over-year basis. equities research analysts anticipate that Pioneer Natural Resources will post 5.69 earnings per share for the current year.
Pioneer Natural Resources announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.16 per share. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio is currently 1.65%.
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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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