Pioneer Natural Resources Co. (NYSE:PXD) was upgraded by Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday.
In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,600 shares of the stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $149.90, for a total transaction of $239,840.00. Following the completion of the transaction, the executive vice president now owns 23,428 shares of the company’s stock, valued at $3,511,857.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Timothy L. Dove sold 13,254 shares of the stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $152.24, for a total transaction of $2,017,788.96. Following the transaction, the chief operating officer now directly owns 271,993 shares of the company’s stock, valued at approximately $41,408,214.32. The disclosure for this sale can be found here.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up 4.59% on Thursday, reaching $157.54. 4,022,880 shares of the company traded hands. Pioneer Natural Resources has a 1-year low of $103.50 and a 1-year high of $171.88. The stock has a 50-day moving average price of $154.84 and a 200 day moving average price of $143.16. The firm’s market capitalization is $25.77 billion.
A number of hedge funds and institutional investors recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Pioneer Natural Resources by 63.4% in the first quarter. JPMorgan Chase & Co. now owns 7,560,445 shares of the oil and gas development company’s stock valued at $1,064,057,000 after buying an additional 2,932,875 shares during the period. Lone Pine Capital LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $300,318,000. Wellington Management Group LLP raised its position in shares of Pioneer Natural Resources by 16.4% in the first quarter. Wellington Management Group LLP now owns 12,461,118 shares of the oil and gas development company’s stock valued at $1,753,777,000 after buying an additional 1,752,025 shares during the period. Norges Bank bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $142,194,000. Finally, Lazard Asset Management LLC raised its position in shares of Pioneer Natural Resources by 240.8% in the first quarter. Lazard Asset Management LLC now owns 1,542,686 shares of the oil and gas development company’s stock valued at $217,116,000 after buying an additional 1,089,989 shares during the period.
Several other research analysts have also recently weighed in on the stock. Wunderlich dropped their price target on shares of Pioneer Natural Resources from $177.00 to $176.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Vetr cut shares of Pioneer Natural Resources from a “strong-buy” rating to a “buy” rating and set a $157.33 price target on the stock. in a research note on Thursday, March 31st. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Thursday, May 19th. Canaccord Genuity lifted their price target on shares of Pioneer Natural Resources from $147.00 to $158.00 in a research note on Tuesday, April 12th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $168.85.
Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.
