Pioneer Natural Resources Company (PXD) has been under a strong bear grip, hence the stock is down -2.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.44% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.94% in the last 1 week, and is up 1.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.23% and the 50-Day Moving Average is 1.29%.
Pioneer Natural Resources Company (NYSE:PXD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $156.66 and $155.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $157.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $156.70, notching a gain of 0.77% for the day. The total traded volume was 1,405,731 . The stock had closed at $155.50 on the previous day.
The company Insiders own 0.92% of Pioneer Natural Resources Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.93% . Institutional Investors own 94.95% of Pioneer Natural Resources Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.91%. In a related news,The (SVP, General Counsel) of Pioneer Natural Resources Co, Kleinman Mark H sold 1,000 shares at $151.01 on June 30, 2016. The Insider selling transaction had a total value worth of $151,010. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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 Companys 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 Companys operations include well stimulation and hydraulic fracturing. The Companys 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.