Pioneer Natural Resources (NYSE:PXD) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Pioneer Natural Resources (NYSE:PXDFree Report) in a report published on Friday morning. The brokerage issued a hold rating on the oil and gas development company’s stock.

Other analysts have also recently issued reports about the company. Raymond James restated a market perform rating on shares of Pioneer Natural Resources in a research report on Tuesday, October 24th. Stifel Nicolaus decreased their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a hold rating on the stock in a report on Tuesday, January 23rd. Susquehanna decreased their target price on Pioneer Natural Resources from $250.00 to $237.00 and set a neutral rating on the stock in a report on Friday, January 26th. TD Cowen restated a market perform rating and set a $256.00 target price (down previously from $280.00) on shares of Pioneer Natural Resources in a report on Thursday, October 19th. Finally, Mizuho decreased their price target on Pioneer Natural Resources from $301.00 to $264.00 and set a buy rating on the stock in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of Hold and a consensus price target of $254.19.

Check Out Our Latest Stock Report on PXD

Pioneer Natural Resources Stock Performance

Shares of NYSE PXD opened at $229.34 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $225.76 and its two-hundred day moving average is $232.28. The company has a market cap of $53.51 billion, a P/E ratio of 10.95 and a beta of 1.31. Pioneer Natural Resources has a 12 month low of $177.26 and a 12 month high of $257.76.

Insider Buying and Selling

In other Pioneer Natural Resources news, Director Maria S. Dreyfus sold 10,632 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $226.62, for a total value of $2,409,423.84. Following the sale, the director now owns 4,066 shares in the company, valued at approximately $921,436.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Pioneer Natural Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC raised its holdings in Pioneer Natural Resources by 4.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 1,030 shares of the oil and gas development company’s stock worth $236,000 after acquiring an additional 40 shares during the last quarter. Caprock Group LLC raised its holdings in Pioneer Natural Resources by 1.5% in the 3rd quarter. Caprock Group LLC now owns 2,855 shares of the oil and gas development company’s stock worth $655,000 after acquiring an additional 41 shares during the last quarter. IFP Advisors Inc raised its holdings in Pioneer Natural Resources by 3.1% in the 3rd quarter. IFP Advisors Inc now owns 1,436 shares of the oil and gas development company’s stock worth $330,000 after acquiring an additional 43 shares during the last quarter. Western Pacific Wealth Management LP raised its holdings in Pioneer Natural Resources by 20.0% in the 3rd quarter. Western Pacific Wealth Management LP now owns 264 shares of the oil and gas development company’s stock worth $61,000 after acquiring an additional 44 shares during the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. 82.72% of the stock is owned by hedge funds and other institutional investors.

About Pioneer Natural Resources

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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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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