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

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

Several other equities research analysts also recently issued reports on PXD. Mizuho increased their price objective on Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a neutral rating in a research note on Tuesday, March 19th. StockNews.com began coverage on Pioneer Natural Resources in a research note on Sunday, April 21st. They issued a hold rating for the company. Truist Financial increased their price objective on Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a hold rating in a research note on Friday, April 5th. Scotiabank upped their target price on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Finally, 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. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $264.10.

Pioneer Natural Resources Stock Down 0.1 %

Shares of Pioneer Natural Resources stock opened at $275.15 on Monday. The stock has a 50-day moving average price of $254.41 and a 200 day moving average price of $239.67. The company has a market cap of $64.28 billion, a P/E ratio of 13.59 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83.

Pioneer Natural Resources (NYSE:PXD) last announced 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). The business had revenue of $5.22 billion during 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 firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.91 earnings per share. As a group, analysts expect that Pioneer Natural Resources will post 22.11 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

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

Insider Buying and Selling at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Pioneer Natural Resources news, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total value of $522,240.00. Following the sale, the director now owns 11,132 shares of the company’s stock, valued at approximately $2,906,787.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $369,505.20. Following the completion of the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. Insiders have sold 36,766 shares of company stock valued at $9,067,373 in the last 90 days. 0.57% of the stock is currently owned by insiders.

Institutional Trading of Pioneer Natural Resources

Hedge funds have recently modified their holdings of the company. Hartford Financial Management Inc. lifted its position in shares of Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the period. Sachetta LLC bought a new position in shares of Pioneer Natural Resources during the 4th quarter worth approximately $27,000. BluePath Capital Management LLC bought a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $29,000. Carmel Capital Partners LLC bought a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $34,000. Finally, Jones Financial Companies Lllp lifted 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 worth $34,000 after buying an additional 68 shares during the period. 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.