Pioneer Natural (PXD) Received its Third Buy in a Row

After Susquehanna and Siebert Williams Shank & Co gave Pioneer Natural (NYSE: PXD) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Leo Mariani maintained a Buy rating on Pioneer Natural today and set a price target of $252.00. The company’s shares closed last Wednesday at $242.25, close to its 52-week high of $245.71.

According to, Mariani is a top 100 analyst with an average return of 33.7% and a 64.2% success rate. Mariani covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Pioneer Natural has an analyst consensus of Moderate Buy, with a price target consensus of $245.71, implying a 0.9% upside from current levels. In a report issued on February 18, MKM Partners also maintained a Buy rating on the stock with a $234.00 price target.

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Based on Pioneer Natural’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.58 billion and net profit of $763 million. In comparison, last year the company earned revenue of $2.02 billion and had a net profit of $43 million.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PXD in relation to earlier this year. Most recently, in December 2021, Chris Cheatwood, the EVP, Advisor to Management of PXD sold 8,235 shares for a total of $1,489,348.

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Pioneer Natural Resources Co. Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The firm also maintains an office in Midland, Texas and field offices in its area of operation. The company was founded in August 1997 and is headquartered in Irving, TX.

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