Pioneer Natural Resources (NYSE:PXD) PT Raised to $173.00

Pioneer Natural Resources (NYSE:PXD) had its price objective lifted by UBS Group from $109.00 to $173.00 in a research report released on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the oil and gas development company’s stock.

Other analysts have also recently issued research reports about the stock. Bank of America boosted their target price on shares of Pioneer Natural Resources from $98.00 to $111.00 and gave the stock a buy rating in a research note on Monday, April 20th. Siebert Williams Shank cut shares of Pioneer Natural Resources from a buy rating to a hold rating in a research note on Tuesday, June 9th. Piper Sandler cut shares of Pioneer Natural Resources from an overweight rating to a neutral rating and decreased their target price for the stock from $205.00 to $63.00 in a research note on Tuesday, March 24th. SunTrust Banks raised shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $120.00 target price on the stock in a research note on Thursday, June 25th. Finally, Royal Bank of Canada reaffirmed a buy rating and set a $106.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, April 16th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Pioneer Natural Resources has a consensus rating of Buy and an average price target of $124.52.

Shares of PXD opened at $95.50 on Monday. Pioneer Natural Resources has a one year low of $48.62 and a one year high of $159.01. The company has a market cap of $16.11 billion, a P/E ratio of 22.90, a P/E/G ratio of 8.05 and a beta of 1.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $95.00 and a two-hundred day simple moving average of $108.51.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas development company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. Pioneer Natural Resources had a net margin of 7.60% and a return on equity of 10.46%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the business earned $1.83 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources will post 1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.30%. Pioneer Natural Resources’s dividend payout ratio is currently 26.89%.

In related news, VP Stephanie D. Stewart sold 600 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $110.13, for a total value of $66,078.00. Following the sale, the vice president now owns 16,026 shares in the company, valued at approximately $1,764,943.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Margaret Montemayor sold 1,628 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $109.92, for a total transaction of $178,949.76. Following the completion of the sale, the chief accounting officer now owns 8,157 shares in the company, valued at approximately $896,617.44. The disclosure for this sale can be found here. Insiders have sold 16,090 shares of company stock worth $1,822,121 in the last quarter. Company insiders own 0.91% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PXD. Private Advisor Group LLC grew its position in Pioneer Natural Resources by 16.3% in the 4th quarter. Private Advisor Group LLC now owns 3,112 shares of the oil and gas development company’s stock worth $471,000 after purchasing an additional 436 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Pioneer Natural Resources during the 4th quarter valued at approximately $348,000. Assetmark Inc. grew its position in shares of Pioneer Natural Resources by 845.7% during the 4th quarter. Assetmark Inc. now owns 766 shares of the oil and gas development company’s stock valued at $116,000 after acquiring an additional 685 shares during the period. Mutual Advisors LLC bought a new position in shares of Pioneer Natural Resources during the 4th quarter valued at approximately $225,000. Finally, Korea Investment CORP grew its position in shares of Pioneer Natural Resources by 5.2% during the 4th quarter. Korea Investment CORP now owns 220,596 shares of the oil and gas development company’s stock valued at $33,392,000 after acquiring an additional 10,900 shares during the period. Institutional investors own 89.26% of the company’s stock.

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 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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