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Pioneer Natural Resources (NYSE: PXD) stocks hit a new 52-week high on Monday, after KeyCorp raised its target price for the stock from $ 139.00 to $ 144.00. KeyCorp is currently overweight in the stock. Pioneer Natural Resources was trading at $ 141.25 and was last trading at $ 140.96 with a volume of 32,499 shares traded. The stock previously closed at $ 133.94.
PXD was the subject of several other reports. The Goldman Sachs Group took over reporting on the shares of Pioneer Natural Resources in a research note on Thursday, January 21st. They gave the company a « Buy » rating. Truist raised the stock of Pioneer Natural Resources from a « hold » rating to a « buy » rating in a research note on Tuesday, December 22nd, and raised the price target for the stock from $ 95.00 to 135.00 USD. Barclays raised its price target on shares of Pioneer Natural Resources from USD 151.00 to USD 153.00 and gave the stock an « overweight » rating in a research note on Thursday, January 14th. Truist Financial upgraded Pioneer Natural Resources’ shares from a « Hold » rating to a « Buy » rating on Wednesday December 23rd in a research note. Finally, Zacks Investment Research upgraded Pioneer Natural Resources’ shares from a « Hold » rating to a « Strong Buy » rating and a price target of $ 138.00 for the company in a research note on Tuesday, February 2nd firmly. One research analyst has given the stock a hold rating, twenty with a buy rating and two with a strong buy rating. The company currently has an average rating of « Buy » and a consensus price target of $ 132.91.
In other news, EVP Chris J. Cheatwood sold 6,728 shares in a transaction on Tuesday, December 15th. The shares were sold at an average price of $ 116.29 for a total value of $ 782,399.12. Upon completion of the transaction, the executive vice president now owns 46,026 shares in the company valued at approximately $ 5,352,363.54. The sale was announced in a filing with the SEC, which is available at this link. EVP Jerome D. Hall, Jr. also sold 1,000 shares of the stock on Monday, December 7th. The stock was sold at an average price of $ 111.25 for a total transaction of $ 111,250.00. Following the sale, the executive vice president now holds 44,150 shares in the company valued at approximately $ 4,911,687.50. The disclosure for this sale can be found here. In the past three months, insiders have sold 13,835 shares in the company valued at $ 1,567,819. Insiders own 0.91% of the company’s stock. (adsbygoogle = window.adsbygoogle || []). push ({});
A number of institutional investors and hedge funds recently bought and sold shares in the company. BlackRock Inc. increased its stake in Pioneer Natural Resources 0.9% in the fourth quarter. BlackRock Inc. now owns 16,231,486 shares in the oil and gas development company valued at $ 1,848,603,000 after purchasing an additional 143,293 shares last quarter. Massachusetts Financial Services Co., MA increased its stake in Pioneer Natural Resources by 12.1% in the third quarter. MA, Massachusetts Financial Services Co., now owns 3,678,717 shares in the oil and gas development company valued at $ 316,332,000 after purchasing an additional 397,546 shares last quarter. Nuveen Asset Management LLC increased its position in Pioneer Natural Resources by 5.8% in the third quarter. Nuveen Asset Management LLC now owns 2,217,517 shares in the oil and gas development company valued at $ 190,684,000 after acquiring an additional 122,413 shares during the period. Clearbridge Investments LLC increased its position in Pioneer Natural Resources stocks by 6.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,701,108 shares in the oil and gas development company valued at $ 193,739,000 after purchasing an additional 108,211 shares during the period. Finally, Manning & Napier Group LLC increased its position in Pioneer Natural Resources stocks by 0.7% in the third quarter. Manning & Napier Group LLC now owns 1,001,627 shares in the oil and gas development company valued at $ 86,129,000 after purchasing an additional 6,905 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.
The company has a leverage ratio of 0.27, a current rate of 1.43, and a fast rate of 1.32. The company has a market cap of $ 23.18 billion, a P / E of 131.32, a P / E of 2.72, and a beta of 1.92. The company’s 50-day moving average is $ 127.59 and the two-hundred-day moving average is $ 105.45.
The company recently announced a quarterly dividend that will be paid on Wednesday, April 14th. Shareholders of record on Wednesday March 31st will receive a dividend of $ 0.56 per share. This equates to a dividend of $ 2.24 on an annual basis and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase over Pioneer Natural Resources’ previous quarterly dividend of $ 0.55. The Pioneer Natural Resources payout ratio is currently 26.89%.
The Pioneer Natural Resources Company is an independent oil and gas exploration and production company in the United States. The company researches, develops, and produces oil, natural gas liquids (NGLs), and gas. The company operates primarily in the Permian Basin in west Texas. As of December 31, 2019, the Company had demonstrated undeveloped reserves and developed non-producing reserves of 39 million barrels of oil, 16 million barrels of NGL and 83 billion cubic feet of gas. and stakes in 11 gas processing plants.
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