Trade Report: Today: Pioneer Natural Resources Co. (PXD) CEO Scott D. Sheffield Sold 10,000 Shares

Today: Pioneer Natural Resources Co. (PXD) CEO Scott D. Sheffield Sold 10,000 Shares

Pioneer Natural Resources Co. (NYSE:PXD) CEO Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $185.14, for a total transaction of $1,851,400.00. Following the completion of the sale, the chief executive officer now owns 585,868 shares of the company’s stock, valued at approximately $108,467,601.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Pioneer Natural Resources Co. (NYSE:PXD) traded down 4.86% during mid-day trading on Monday, reaching $173.03. 2,171,132 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $181.67 and a 200 day moving average price of $170.80. The firm’s market cap is $29.37 billion. Pioneer Natural Resources Co. has a 52-week low of $103.50 and a 52-week high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. The company earned $1.19 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The firm’s revenue was down 47.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Analysts forecast that Pioneer Natural Resources Co. will post ($0.40) earnings per share for the current fiscal year.

A number of brokerages recently weighed in on PXD. Williams Capital began coverage on shares of Pioneer Natural Resources in a research note on Monday, August 29th. They issued a “buy” rating and a $217.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $206.00 target price on shares of Pioneer Natural Resources in a research note on Wednesday, October 19th. KeyCorp upped their target price on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Wunderlich upped their target price on shares of Pioneer Natural Resources from $182.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, October 10th. Finally, Societe Generale lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 target price for the company. in a research note on Thursday, August 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus price target of $182.65.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC boosted its position in Pioneer Natural Resources by 49.9% in the third quarter. ETRADE Capital Management LLC now owns 3,532 shares of the oil and gas development company’s stock worth $655,000 after buying an additional 1,175 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Pioneer Natural Resources during the third quarter worth approximately $32,326,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Pioneer Natural Resources during the third quarter worth approximately $1,540,000. J.P. Marvel Investment Advisors LLC boosted its stake in shares of Pioneer Natural Resources by 33.3% in the third quarter. J.P. Marvel Investment Advisors LLC now owns 23,032 shares of the oil and gas development company’s stock worth $4,276,000 after buying an additional 5,758 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Pioneer Natural Resources by 25.4% in the third quarter. Ameritas Investment Partners Inc. now owns 4,054 shares of the oil and gas development company’s stock worth $753,000 after buying an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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