Pioneer Natural Resources (NYSE:PXD) had its price objective upped by Wells Fargo & Co from $190.00 to $191.00 in a report issued on Friday, September 20th, BenzingaRatingsTable reports. Wells Fargo & Co currently has an outperform rating on the oil and gas development company’s stock.
Other research analysts have also issued research reports about the company. Morgan Stanley lowered their price objective on Pioneer Natural Resources from $180.00 to $176.00 and set an overweight rating on the stock in a report on Wednesday, August 14th. Piper Jaffray Companies set a $202.00 price objective on shares of Pioneer Natural Resources and gave the company a buy rating in a research report on Friday, August 16th. TheStreet downgraded shares of Pioneer Natural Resources from a b- rating to a c+ rating in a report on Tuesday, July 23rd. Royal Bank of Canada reiterated a buy rating and set a $190.00 price objective on shares of Pioneer Natural Resources in a research report on Sunday, August 11th. Finally, Seaport Global Securities reissued a buy rating on shares of Pioneer Natural Resources in a report on Friday, June 21st. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $192.14.
NYSE:PXD traded up $3.16 during mid-day trading on Friday, reaching $132.51. The stock had a trading volume of 1,444,233 shares, compared to its average volume of 1,858,179. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.14. Pioneer Natural Resources has a 1-year low of $114.79 and a 1-year high of $178.22. The stock’s 50 day simple moving average is $127.89 and its two-hundred day simple moving average is $142.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, September 26th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 13.95%.
In other news, EVP Chris J. Cheatwood sold 5,619 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $140.35, for a total transaction of $788,626.65. Following the sale, the executive vice president now owns 39,027 shares in the company, valued at approximately $5,477,439.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director J Kenneth Thompson purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $121.01 per share, for a total transaction of $60,505.00. Following the purchase, the director now owns 13,024 shares in the company, valued at $1,576,034.24. The disclosure for this purchase can be found here. Company insiders own 0.91% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of PXD. Berman Capital Advisors LLC raised its holdings in Pioneer Natural Resources by 64.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 87 shares during the period. Parallax Volatility Advisers L.P. boosted its position in Pioneer Natural Resources by 1,606.7% during the second quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after purchasing an additional 241 shares in the last quarter. HM Payson & Co. bought a new stake in Pioneer Natural Resources during the second quarter valued at about $53,000. Avestar Capital LLC boosted its position in Pioneer Natural Resources by 15.6% during the first quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock valued at $55,000 after purchasing an additional 67 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in Pioneer Natural Resources during the first quarter valued at about $58,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
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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