Wolfe Research upgraded shares of Pioneer Natural Resources (NYSE:PXD) from a market perform rating to an outperform rating in a research note published on Tuesday, The Fly reports.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group initiated coverage on shares of Pioneer Natural Resources in a report on Monday, December 11th. They set an outperform rating and a $192.00 price objective for the company. Zacks Investment Research raised shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $192.00 price target for the company in a research note on Tuesday, December 26th. Morgan Stanley lowered their price target on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an overweight rating for the company in a research note on Wednesday, October 18th. KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, November 25th. Finally, Seaport Global Securities raised shares of Pioneer Natural Resources from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $197.80.

Shares of Pioneer Natural Resources (NYSE PXD) opened at $178.74 on Tuesday. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The stock has a market cap of $30,420.00, a price-to-earnings ratio of 244.85, a PEG ratio of 4.07 and a beta of 0.92.

In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the transaction, the chief executive officer now owns 260,083 shares in the company, valued at $41,784,934.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark H. Kleinman sold 2,582 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the transaction, the senior vice president now owns 12,861 shares in the company, valued at approximately $2,036,796.57. The disclosure for this sale can be found here. Insiders sold 42,916 shares of company stock worth $6,976,992 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its position in shares of Pioneer Natural Resources by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after acquiring an additional 4,040 shares during the period. Point72 Asset Management L.P. increased its position in shares of Pioneer Natural Resources by 2,357.7% during the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock valued at $109,145,000 after buying an additional 709,663 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Pioneer Natural Resources by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock valued at $83,526,000 after buying an additional 26,050 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Pioneer Natural Resources by 25.0% during the third quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock valued at $25,362,000 after buying an additional 34,342 shares during the period. Finally, Ashburton Jersey Ltd increased its position in shares of Pioneer Natural Resources by 87.3% during the third quarter. Ashburton Jersey Ltd now owns 17,034 shares of the oil and gas development company’s stock valued at $2,513,000 after buying an additional 7,940 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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