Pioneer Natural Resources Co (PXD) Files Form 4 Insider Selling : Chris J Cheatwood Sells 10,641 Shares

Pioneer Natural Resources Co (PXD): Chris J Cheatwood , EVP, BD & Geoscience of Pioneer Natural Resources Co sold 10,641 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $165.24 per share for a total value of $1,758,372.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Scott D Sheffield (Chairman & CEO) sold 30,000 shares at $168.76 per share price.On May 2, 2016, Kenneth H Jr Sheffield (EVP, STAT, WAT, Corp. Eng.) sold 2,500 shares at $167.99 per share price.Also, On May 2, 2016, Mark Stephen Berg (EVP, Corporate/Operations) sold 7,000 shares at $168.71 per share price.On Nov 24, 2015, Chris J Cheatwood (EVP, BD & Geoscience) sold 8,397 shares at $145.11 per share price.

Shares of Pioneer Natural Resources (PXD) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.49 points or -0.30% at $165.61 with 16,80,926 shares getting traded. Post opening the session at $165.81, the shares hit an intraday low of $163.49 and an intraday high of $166.77 and the price vacillated in this range throughout the day. The company has a market cap of $27,087 M and the number of outstanding shares has been calculated to be 16,35,56,620 shares. The 52-week high of Pioneer Natural Resources is $173.59 and the 52-week low is $103.5.

Pioneer Natural Resources Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pioneer Natural Resources is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 177 from a previous price target of $128 .The Rating was issued on Apr 27, 2016.Pioneer Natural Resources is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 183 from a previous price target of $165 .The Rating was issued on Apr 27, 2016.Pioneer Natural Resources is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 190 from a previous price target of $165 .The Rating was issued on Apr 26, 2016.Pioneer Natural Resources is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 177 from a previous price target of $155 .The Rating was issued on Apr 26, 2016.Pioneer Natural Resources is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 185 from a previous price target of $170 .The Rating was issued on Apr 26, 2016.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company focuses on production of oil natural gas liquid (NGLs) and gas through development drilling production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the liquid-rich Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle and the Edwards gas field located in South Texas. The Company’s operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.

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