Barclays PLC reiterated their buy rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research note issued to investors on Thursday. They currently have a $196.00 price target on the oil and gas development company’s stock.

Several other equities research analysts have also weighed in on PXD. Societe Generale upgraded shares of Pioneer Natural Resources from a sell rating to a hold rating in a report on Wednesday, January 11th. Zacks Investment Research raised shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $204.00 price objective for the company in a research report on Tuesday, January 17th. Mitsubishi UFJ Financial Group downgraded shares of Pioneer Natural Resources from an overweight rating to a neutral rating in a research report on Friday, January 20th. Williams Capital downgraded shares of Pioneer Natural Resources from a buy rating to a hold rating and lowered their price objective for the stock from $226.00 to $206.00 in a research report on Tuesday, January 24th. Finally, Royal Bank of Canada reissued a buy rating and set a $225.00 price objective (up previously from $217.00) on shares of Pioneer Natural Resources in a research report on Friday, January 27th. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $207.75.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Shares of Pioneer Natural Resources (NYSE:PXD) traded up 0.31% during trading on Thursday, reaching $174.98. The company’s stock had a trading volume of 1,111,432 shares. The stock’s market capitalization is $29.71 billion. The company’s 50-day moving average price is $185.26 and its 200 day moving average price is $184.41. Pioneer Natural Resources has a 1-year low of $146.08 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, February 7th. The oil and gas development company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.16. Pioneer Natural Resources had a negative net margin of 14.56% and a negative return on equity of 0.33%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. Pioneer Natural Resources’s revenue was up 8.8% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources will post $1.89 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, April 12th. Stockholders of record on Friday, March 31st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 29th. Pioneer Natural Resources’s dividend payout ratio is presently -2.35%.

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 1,500 shares of Pioneer Natural Resources stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the executive vice president now owns 52,719 shares in the company, valued at approximately $10,239,084.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy L. Dove sold 1,200 shares of Pioneer Natural Resources stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $193.21, for a total transaction of $231,852.00. Following the completion of the sale, the chief executive officer now owns 255,498 shares of the company’s stock, valued at approximately $49,364,768.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,358 shares of company stock valued at $1,614,482. 0.92% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Parkwood LLC acquired a new stake in shares of Pioneer Natural Resources during the third quarter valued at $279,000. California Public Employees Retirement System boosted its stake in shares of Pioneer Natural Resources by 2.9% in the third quarter. California Public Employees Retirement System now owns 347,109 shares of the oil and gas development company’s stock valued at $64,441,000 after buying an additional 9,800 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Pioneer Natural Resources by 2.0% in the third quarter. Gateway Investment Advisers LLC now owns 14,784 shares of the oil and gas development company’s stock valued at $2,745,000 after buying an additional 290 shares during the period. Cypress Asset Management Inc. TX boosted its stake in shares of Pioneer Natural Resources by 6.2% in the third quarter. Cypress Asset Management Inc. TX now owns 2,604 shares of the oil and gas development company’s stock valued at $483,000 after buying an additional 151 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Pioneer Natural Resources by 0.9% in the third quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the oil and gas development company’s stock valued at $2,005,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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