Pioneer Natural Resources Co (PXD) Files Form 4 Insider Selling : Scott D Sheffield Sells 30,000 Shares

Pioneer Natural Resources Co (PXD): Scott D Sheffield , Chairman & CEO of Pioneer Natural Resources Co sold 30,000 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $168.76 per share for a total value of $5,066,307.00 , 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, Kenneth H Jr Sheffield (EVP, STAT, WAT, Corp. Eng.) sold 2,500 shares at $167.99 per share price.On May 2, 2016, Mark Stephen Berg (EVP, Corporate/Operations) sold 7,000 shares at $168.71 per share price.Also, On Dec 3, 2015, Scott D Sheffield (Chairman & CEO) sold 10,000 shares at $149.09 per share price.On Nov 24, 2015, Chris J Cheatwood (EVP, BD & Geoscience) sold 8,397 shares at $145.11 per share price.

Pioneer Natural Resources: On Wednesday, Apr 27, 2016 heightened volatility was witnessed in Pioneer Natural Resources which led to swings in the share price. The shares opened for trading at $168.59 and hit $171.88 on the upside , eventually ending the session at $168.72, with a gain of 2.03% or 3.36 points. The heightened volatility saw the trading volume jump to 38,82,401 shares. The 52-week high of the share price is $175.92 and the company has a market cap of $27,546 M . The 52-week low of the share price is at $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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