Traders Sell Shares of Pioneer Natural Resources (PXD) on Strength (PXD)

Investors sold shares of Pioneer Natural Resources (NYSE:PXD) on strength during trading hours on Friday. $55.94 million flowed into the stock on the tick-up and $78.11 million flowed out of the stock on the tick-down, for a money net flow of $22.17 million out of the stock. Of all stocks tracked, Pioneer Natural Resources had the 28th highest net out-flow for the day. Pioneer Natural Resources traded up $3.31 for the day and closed at $159.82

A number of equities analysts recently weighed in on the stock. Imperial Capital cut their price target on shares of Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. Williams Capital reissued a “hold” rating and issued a $225.00 price target on shares of Pioneer Natural Resources in a report on Tuesday, August 21st. TheStreet downgraded shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a report on Tuesday, August 7th. Oppenheimer assumed coverage on shares of Pioneer Natural Resources in a report on Wednesday, October 3rd. They issued a “market perform” rating on the stock. Finally, Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $235.96.

The company has a market cap of $25.31 billion, a PE ratio of 73.99, a PEG ratio of 1.69 and a beta of 1.04. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.38. Pioneer Natural Resources had a return on equity of 9.58% and a net margin of 15.98%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 112.2% compared to the same quarter last year. Equities analysts forecast that Pioneer Natural Resources will post 6.86 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, September 27th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a dividend yield of 0.40%. Pioneer Natural Resources’s dividend payout ratio is currently 14.81%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rovida Advisors Inc. increased its position in shares of Pioneer Natural Resources by 17.4% during the third quarter. Rovida Advisors Inc. now owns 370,300 shares of the oil and gas development company’s stock valued at $64,506,000 after buying an additional 55,000 shares during the period. American International Group Inc. increased its position in shares of Pioneer Natural Resources by 6.4% during the third quarter. American International Group Inc. now owns 66,513 shares of the oil and gas development company’s stock valued at $11,586,000 after buying an additional 4,010 shares during the period. Suffolk Capital Management LLC increased its position in shares of Pioneer Natural Resources by 3.9% during the third quarter. Suffolk Capital Management LLC now owns 35,496 shares of the oil and gas development company’s stock valued at $6,183,000 after buying an additional 1,345 shares during the period. Bank of New York Mellon Corp increased its position in shares of Pioneer Natural Resources by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 2,395,793 shares of the oil and gas development company’s stock valued at $417,324,000 after buying an additional 35,750 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Pioneer Natural Resources by 325.9% during the third quarter. Janus Henderson Group PLC now owns 354,217 shares of the oil and gas development company’s stock valued at $61,701,000 after buying an additional 271,046 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.

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About Pioneer Natural Resources (NYSE:PXD)

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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