Stifel Nicolaus Increases Pioneer Natural Resources (NYSE:PXD) Price Target to $275.00

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

Several other research analysts also recently commented on PXD. Mizuho raised their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Royal Bank of Canada restated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna upped their price objective on Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday. Truist Financial boosted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Finally, Scotiabank increased their price objective on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Price Performance

Shares of NYSE:PXD traded up $1.55 during trading on Tuesday, hitting $275.06. 721,708 shares of the company’s stock were exchanged, compared to its average volume of 1,985,724. The business’s 50-day simple moving average is $251.56 and its 200 day simple moving average is $238.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. Pioneer Natural Resources has a 52-week low of $196.74 and a 52-week high of $278.83. The company has a market cap of $64.26 billion, a price-to-earnings ratio of 13.60 and a beta of 1.31.

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

Insiders Place Their Bets

In other news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total value of $820,225.00. Following the transaction, the executive vice president now directly owns 49,856 shares in the company, valued at approximately $11,683,753.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now owns 462,112 shares of the company’s stock, valued at $108,711,848. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock worth $9,067,373 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hartford Financial Management Inc. increased its position in shares of Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Sachetta LLC acquired a new stake in Pioneer Natural Resources in the fourth quarter worth about $27,000. BluePath Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources during the third quarter worth about $29,000. Carmel Capital Partners LLC purchased a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp boosted its stake in Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 80.57% 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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.