Pioneer Natural Resources Company (NYSE:PXD) shares traded 1.68% higher at $206.40 on Wall Street last session.
In accordance with the data, 32 analysts cover Pioneer Natural Resources Company (NYSE:PXD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $315.00 and a low of $215.00, we find $250.00. Given the previous closing price of $202.99, this indicates a potential upside of 23.16 percent. PXD stock price is now 0.30% away from the 50-day moving average and -4.72% away from the 200-day moving average. The market capitalization of the company currently stands at $47.45B.
It has been rated a hold by 13 analysts and a buy by 13. Brokers who have rated the stock have averaged $250.93 as their price target over the next twelve months.
With the price target of $238, UBS recently initiated with Neutral rating for Pioneer Natural Resources Company (NYSE: PXD).
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 $0.45 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 $0.4 million. Insiders disposed of 96,882 shares of company stock worth roughly $20.0 million over the past 1 year. A total of 0.69% 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 RUFFER LLP during the first quarter worth $103,484,000. SCOUT INVESTMENTS, INC. invested $47,907,000 in shares of PXD during the first quarter. In the first quarter, SIR CAPITAL MANAGEMENT, L.P. acquired a new stake in Pioneer Natural Resources Company valued at approximately $39,835,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in PXD for approximately $34,271,000. NFJ INVESTMENT GROUP, LLC purchased a new stake in PXD valued at around $24,575,000 in the second quarter. In total, there are 1,599 active investors with 92.50% ownership of the company’s stock.
Pioneer Natural Resources Company (NYSE: PXD) opened at $201.67 on Friday. During the past 12 months, Pioneer Natural Resources Company has had a low of $175.47 and a high of $261.11. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 0.90, and a quick ratio of 0.80. The fifty day moving average price for PXD is $206.53 and a two-hundred day moving average price translates $222.43 for the stock.
The latest earnings results from Pioneer Natural Resources Company (NYSE: PXD) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $5.21, beating analysts’ expectations of $4.91 by 0.3. This compares to $7.85 EPS in the same period last year. The net profit margin was 30.80% and return on equity was 30.90% for PXD. The company reported revenue of $4.54 billion for the quarter, compared to $6.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.43 percent. For the current quarter, analysts expect PXD to generate $3.62B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/21/2023. Investors who held shares on 06/01/2023 were paid a $2.09 dividend. On an annualized basis, this represents a $23.20 dividend and a 11.24% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, PXD is presently at 87.40%.
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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
