Pioneer Natural Resources (NYSE:PXD - Get Free Report) CAO Christopher L. Washburn sold 1,416 shares of the firm's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total value of $369,505.20. Following the transaction, the chief accounting officer now owns 4,990 shares of the company's stock, valued at $1,302,140.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Pioneer Natural Resources Stock Up 1.0 %
PXD opened at $262.50 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88. The company has a market cap of $61.33 billion, a price-to-earnings ratio of 12.97 and a beta of 1.30. Pioneer Natural Resources has a one year low of $196.74 and a one year high of $263.08. The business's fifty day moving average is $236.00 and its two-hundred day moving average is $233.73.
Pioneer Natural Resources (NYSE:PXD - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.28 billion. During the same quarter in the prior year, the firm earned $5.91 earnings per share. Pioneer Natural Resources's quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Pioneer Natural Resources will post 20.35 EPS for the current fiscal year.
Pioneer Natural Resources Cuts Dividend
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The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were paid a $2.56 dividend. This represents a $10.24 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources's payout ratio is currently 24.70%.
Institutional Investors Weigh In On Pioneer Natural Resources
A number of large investors have recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in shares of Pioneer Natural Resources in the first quarter worth $42,000. Cetera Advisor Networks LLC boosted its position in Pioneer Natural Resources by 59.5% during the first quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company's stock worth $519,000 after acquiring an additional 774 shares during the last quarter. Cetera Investment Advisers boosted its position in Pioneer Natural Resources by 52.1% during the first quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company's stock worth $812,000 after acquiring an additional 1,113 shares during the last quarter. Baird Financial Group Inc. grew its stake in Pioneer Natural Resources by 22.6% in the 1st quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company's stock worth $27,157,000 after acquiring an additional 20,023 shares during the period. Finally, Mather Group LLC. raised its holdings in Pioneer Natural Resources by 35.9% in the 1st quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company's stock valued at $858,000 after acquiring an additional 907 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a "hold" rating for the company in a report on Tuesday, January 23rd. StockNews.com began coverage on Pioneer Natural Resources in a research report on Thursday. They issued a "hold" rating on the stock. UBS Group cut their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, December 14th. Susquehanna increased their target price on Pioneer Natural Resources from $237.00 to $246.00 and gave the company a "neutral" rating in a report on Monday, March 4th. Finally, Mizuho increased their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a "neutral" rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources has an average rating of "Hold" and an average price target of $254.90.
Read Our Latest Stock Report on Pioneer Natural Resources
Pioneer Natural Resources Company Profile
(
Get Free Report)
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.
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