Stocks of Pioneer Natural Resources Company (NYSE:PXD) traded higher last session on Wall Street, up 1.43% to $229.38.
According to the data, Pioneer Natural Resources Company (NYSE:PXD) has 34 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $380.00 and a low of $243.00, we find $277.00. Given the previous closing price of $226.14, this indicates a potential upside of 22.49 percent. PXD stock price is now -5.81% away from the 50-day moving average and -1.08% away from the 200-day moving average. The market capitalization of the company currently stands at $54.42B.
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A total of 11 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $284.51 as their price target over the next twelve months.
With the price target of $261, Jefferies recently initiated with Hold rating for Pioneer Natural Resources Company (NYSE: PXD). On October 19, 2022, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $267 to quote $261, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Hernandez Jacinto J, Director bought 198 shares of the company’s stock on Nov 09. The stock was bought for $48,932 at an average price of $247.13. Upon completion of the transaction, the Director now directly owns 2,158 shares in the company, valued at $0.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Director Hernandez Jacinto J bought 390 shares of the business’s stock. A total of $99,401 was incurred on buying the stock at an average price of $254.88. This leaves the insider owning 1,960 shares of the company worth $0.45 million. Insiders disposed of 254,099 shares of company stock worth roughly $58.29 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PXD stock. A new stake in Pioneer Natural Resources Company shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $664,881,000. YACKTMAN ASSET MANAGEMENT LP invested $157,554,000 in shares of PXD during the first quarter. In the first quarter, WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC acquired a new stake in Pioneer Natural Resources Company valued at approximately $73,767,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in PXD for approximately $30,241,000. APRIEM ADVISORS purchased a new stake in PXD valued at around $18,049,000 in the second quarter. In total, there are 1,517 active investors with 93.00% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $227.00 for Pioneer Natural Resources Company (NYSE: PXD). During the past 12 months, Pioneer Natural Resources Company has had a low of $153.09 and a high of $274.50. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for PXD is $248.10 and a two-hundred day moving average price translates $243.05 for the stock.
The latest earnings results from Pioneer Natural Resources Company (NYSE: PXD) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $7.48, missing analysts’ expectations of $7.5 by -0.02. This compares to $4.07 EPS in the same period last year. The net profit margin was 28.70% and return on equity was 30.50% for PXD. The company reported revenue of $6.09 billion for the quarter, compared to $4.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.52 percent. For the current quarter, analysts expect PXD to generate $4.25B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/30/2022 were paid a $4.61 dividend. On an annualized basis, this represents a $26.06 dividend and a 11.36% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend. In terms of dividend payout ratio, PXD is presently at 28.40%.
Pioneer Natural Resources Company(PXD) Company Profile
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. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
