Pioneer Natural Resources (NYSE:PXD) PT Raised to $278.00 at Susquehanna

Pioneer Natural Resources (NYSE:PXD) had its price target hoisted by Susquehanna from $246.00 to $278.00 in a research report released on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the oil and gas development company’s stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a sector perform rating and set a $279.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, April 11th. Truist Financial raised their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a hold rating in a research report on Friday, April 5th. Stifel Nicolaus lowered their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a hold rating for the company in a research report on Tuesday, January 23rd. StockNews.com started coverage on Pioneer Natural Resources in a research report on Sunday, April 21st. They set a hold rating for the company. Finally, Mizuho raised their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a neutral rating in a research report on Tuesday, March 19th. Two 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 stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $264.10.

Pioneer Natural Resources Trading Down 0.1 %

NYSE PXD opened at $275.15 on Monday. 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 has a twelve month low of $196.74 and a twelve month high of $278.83. The company has a market cap of $64.28 billion, a price-to-earnings ratio of 13.59 and a beta of 1.31. The business’s fifty day moving average is $254.41 and its 200 day moving average is $239.67.

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 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 firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the business earned $5.91 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Pioneer Natural Resources will post 22.11 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio is currently 24.70%.

Insider Buying and Selling

In related news, EVP Mark H. Kleinman sold 3,500 shares of the 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 SEC, which is available through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of the 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 completion of the sale, the director now directly owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the stock in a transaction on 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 directly owns 49,856 shares of the company’s stock, valued at $11,683,753.60. 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 ninety days. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Pioneer Natural Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hartford Financial Management Inc. increased its position in shares of Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. Sachetta LLC purchased a new stake in shares of Pioneer Natural Resources during the 4th quarter valued at $27,000. BluePath Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at $34,000. Finally, Jones Financial Companies Lllp increased its position in shares of Pioneer Natural Resources by 85.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

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.