Pioneer Natural Resources (NYSE:PXD) PT Raised to $275.00 at Stifel Nicolaus

Pioneer Natural Resources (NYSE:PXD) had its price objective raised by investment analysts at Stifel Nicolaus from $237.00 to $275.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the oil and gas development company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 0.02% from the stock’s previous close.

PXD has been the topic of several other reports. Susquehanna increased their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com began coverage on shares of Pioneer Natural Resources in a research note on Sunday. They set a “hold” rating on the stock. Scotiabank upped their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Finally, Truist Financial boosted their price target on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pioneer Natural Resources has a consensus rating of “Hold” and a consensus target price of $264.10.

Pioneer Natural Resources Trading Up 0.6 %

Shares of NYSE:PXD traded up $1.55 during trading on Tuesday, reaching $275.06. The stock had a trading volume of 721,708 shares, compared to its average volume of 1,985,724. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The business has a fifty day moving average price of $251.56 and a 200-day moving average price of $238.90. The stock has a market cap of $64.26 billion, a P/E ratio of 13.60 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $5.91 EPS. As a group, analysts anticipate that Pioneer Natural Resources will post 21.5 earnings per share for the current fiscal year.

Insider Transactions at Pioneer Natural Resources

In related news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now directly owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the sale, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at $1,302,140.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip A. Gobe sold 2,000 shares of Pioneer Natural Resources stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the sale, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,766 shares of company stock valued at $9,067,373. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Dai ichi Life Insurance Company Ltd increased its holdings in Pioneer Natural Resources by 45.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock valued at $4,839,000 after buying an additional 6,589 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Pioneer Natural Resources by 610.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock valued at $141,965,000 after acquiring an additional 531,418 shares during the last quarter. Banco Santander S.A. increased its holdings in shares of Pioneer Natural Resources by 7.1% in the 3rd quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock valued at $11,847,000 after acquiring an additional 3,438 shares during the last quarter. SCP Investment LP raised its position in shares of Pioneer Natural Resources by 80.0% during the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock valued at $413,000 after acquiring an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Pioneer Natural Resources by 34.2% during the third quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after purchasing an additional 112,261 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

About Pioneer Natural Resources

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.