Pioneer Natural Resources Co. (NYSE: PXD) is 16.26% higher on its value in year-to-date trading and has touched a low of $185.57 and a high of $260.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PXD stock was last observed hovering at around $256.85 in the last trading session, with the day’s gains setting it 3.15%.
Currently trading at $260.00, the stock is 5.65% and 11.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 1.23% at the moment leaves the stock 14.43% off its SMA200. PXD registered 37.32% gain for a year compared to 6-month gain of 15.69%. The firm has a 50-day simple moving average (SMA 50) of $3.39 and a 200-day simple moving average (SMA200) of $7.09.
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The stock witnessed a 11.85% loss in the last 1 month and extending the period to 3 months gives it a 13.68%, and is 2.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.38% over the week and 1.38% over the month.
Pioneer Natural Resources Co. (PXD) has around 2213 employees, a market worth around $60.74B and $19.37B in sales. Current P/E ratio is 12.85 and Fwd P/E is 11.95. Profit margin for the company is 25.20%. Distance from 52-week low is 40.11% and -0.16% from its 52-week high. The company has generated returns on investments over the last 12 months (17.01%).
Pioneer Natural Resources Co. quarterly earnings per share for the current quarter are estimated at $4.69 with sales reaching $4.08B over the same period.The EPS is expected to shrink by -2.83% this year, but quarterly earnings will post 31.50% year-over-year. Quarterly sales are estimated to grow 28.80% in year-over-year returns.
1,674 institutions hold shares in Pioneer Natural Resources Co. (PXD), with institutional investors hold 82.64% of the company’s shares. The shares outstanding are 233.62M, and float is at 231.98M with Short Float at 2.73%. Institutions hold 82.02% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 19.9 million shares valued at $4.12 billion. The investor’s holdings represent 8.54% of the PXD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.7 million shares valued at $3.25 billion to account for 6.74% of the shares outstanding. The other top investors are State Street Corporation which holds 15.27 million shares representing 6.55% and valued at over $3.16 billion, while Capital International Investors holds 3.65% of the shares totaling 8.51 million with a market value of $1.76 billion.
Pioneer Natural Resources Co. (PXD) Insider Activity
The most recent transaction is an insider sale by KLEINMAN MARK H, the company’s EVP & General Counsel. SEC filings show that KLEINMAN MARK H sold 4,350 shares of the company’s common stock on Mar 22 ’24 at a price of $254.08 per share for a total of $1.11 million. Following the sale, the insider now owns 45506.0 shares.
Pioneer Natural Resources Co. disclosed in a document filed with the SEC on Mar 18 ’24 that SHEFFIELD SCOTT D (Director) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $252.33 per share for $1.89 million. Following the transaction, the insider now directly holds 0.45 million shares of the PXD stock.
Still, SEC filings show that on Mar 15 ’24, SHEFFIELD SCOTT D (Director) disposed off 7,500 shares at an average price of $249.66 for $1.87 million. The insider now directly holds 454,612 shares of Pioneer Natural Resources Co. (PXD).
