Scott D. Sheffield Sells 5,000 Shares of Pioneer Natural Resources Company (PXD) Stock

Pioneer Natural Resources Company (NYSE:PXD) Chairman Scott D. Sheffield sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total value of $805,700.00. Following the sale, the chairman now owns 585,466 shares of the company’s stock, valued at approximately $94,341,991.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Pioneer Natural Resources Company (NYSE PXD) opened at $152.81 on Wednesday. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $26,702.34, a price-to-earnings ratio of 109.73, a PEG ratio of 10.97 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. research analysts forecast that Pioneer Natural Resources Company will post 1.4 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its stake in shares of Pioneer Natural Resources by 253.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,776 shares of the oil and gas development company’s stock worth $410,000 after buying an additional 1,991 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Pioneer Natural Resources by 2,357.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after buying an additional 709,663 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth $264,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Pioneer Natural Resources by 0.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 38,390 shares of the oil and gas development company’s stock worth $5,663,000 after buying an additional 350 shares in the last quarter. Finally, Empire Life Investments Inc. raised its stake in shares of Pioneer Natural Resources by 28.1% in the 3rd quarter. Empire Life Investments Inc. now owns 48,301 shares of the oil and gas development company’s stock worth $7,126,000 after buying an additional 10,593 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

PXD has been the subject of a number of recent analyst reports. Citigroup Inc. lowered their price objective on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $214.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $194.07.

Pioneer Natural Resources Company Profile

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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