Pioneer Natural Resources (PXD) SVP Sells $408,911.34 in Stock

Pioneer Natural Resources (NYSE:PXD) SVP Mark H. Kleinman sold 2,582 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $158.37, for a total value of $408,911.34. Following the completion of the sale, the senior vice president now owns 12,861 shares in the company, valued at approximately $2,036,796.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Pioneer Natural Resources (PXD) opened at $150.66 on Thursday. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. The stock has a market cap of $26,181.63, a price-to-earnings ratio of 107.59, a PEG ratio of 9.83 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $0.13 EPS. Pioneer Natural Resources’s revenue for the quarter was up 23.1% on a year-over-year basis. sell-side analysts forecast that Pioneer Natural Resources will post 1.53 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth about $100,000. Commonwealth Bank of Australia grew its stake in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources in the 2nd quarter worth about $120,000. WFG Advisors LP grew its stake in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Pioneer Natural Resources in the 3rd quarter worth about $176,000. Institutional investors own 90.89% of the company’s stock.

A number of research analysts recently commented on PXD shares. Zacks Investment Research cut Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Royal Bank Of Canada set a $201.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Sunday, October 15th. Piper Jaffray Companies reduced their target price on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. SunTrust Banks reissued a “buy” rating and issued a $180.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Finally, Sanford C. Bernstein raised their price objective on Pioneer Natural Resources from $173.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $194.20.

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About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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