Pioneer Natural Resources to Issue Quarterly Dividend of $0.44 (NYSE:PXD)

Share on StockTwits

Pioneer Natural Resources (NYSE:PXD) declared a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.44 per share by the oil and gas development company on Tuesday, January 14th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%.

Shares of PXD opened at $135.86 on Wednesday. The company’s fifty day moving average is $128.70 and its 200-day moving average is $138.97. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 0.93 and a beta of 1.14. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $2.07 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, research analysts predict that Pioneer Natural Resources will post 8.1 earnings per share for the current fiscal year.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,619 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $140.35, for a total value of $788,626.65. Following the completion of the sale, the executive vice president now directly owns 39,027 shares of the company’s stock, valued at approximately $5,477,439.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J Kenneth Thompson purchased 500 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $121.01 per share, with a total value of $60,505.00. Following the completion of the acquisition, the director now owns 13,024 shares in the company, valued at $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is owned by corporate insiders.

PXD has been the topic of several analyst reports. Citigroup restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Tuesday, October 8th. Raymond James dropped their price target on shares of Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley decreased their price objective on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 4th. TheStreet downgraded shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a report on Tuesday, July 23rd. Finally, ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average price target of $186.97.

About Pioneer Natural Resources

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 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.

Recommended Story: How to calculate the annual rate of depreciation

Dividend History for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Short Interest in Qualstar Co.  Increases By 194.1%
Short Interest in Qualstar Co. Increases By 194.1%
Short Interest in ING Groep NV  Rises By 131.1%
Short Interest in ING Groep NV Rises By 131.1%
ICU Medical  Shares Up 6.3% Following Earnings Beat
ICU Medical Shares Up 6.3% Following Earnings Beat
G.Research Research Analysts Decrease Earnings Estimates for PGT Innovations Inc
G.Research Research Analysts Decrease Earnings Estimates for PGT Innovations Inc
Suburban Propane Partners  Scheduled to Post Quarterly Earnings on Thursday
Suburban Propane Partners Scheduled to Post Quarterly Earnings on Thursday
National Bank Financial Equities Analysts Lower Earnings Estimates for Extendicare Inc
National Bank Financial Equities Analysts Lower Earnings Estimates for Extendicare Inc


© 2006-2019 Ticker Report