This afternoon we watched Pioneer Natural Resources Company rise 1.0% to a price of $240.33 per share. The large-cap Oil & Gas Drilling company is now trading -7.53% below its average target price of $259.91. Analysts have set target prices ranging from $225.0 to $332.0 per share for Pioneer Natural Resources Company, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.6%, and a short ratio of 2.2. The company's insiders own 0.69% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 86.5% of Pioneer Natural Resources Company's shares being owned by this investor type.
Institutions Invested in Pioneer Natural Resources Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 19,902,000 | $4,783,047,696 |
| 2023-06-30 | Blackrock Inc. | 7% | 15,703,486 | $3,774,018,819 |
| 2023-06-30 | State Street Corporation | 7% | 15,266,884 | $3,669,090,259 |
| 2023-06-30 | Capital International Investors | 4% | 8,506,616 | $2,044,395,038 |
| 2023-06-30 | Massachusetts Financial Services Co. | 3% | 7,446,302 | $1,789,569,773 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 5,706,416 | $1,371,422,967 |
| 2023-06-30 | Capital World Investors | 2% | 5,620,741 | $1,350,832,694 |
| 2023-06-30 | Primecap Management Company | 2% | 4,903,856 | $1,178,543,721 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 4,371,116 | $1,050,510,316 |
| 2023-06-30 | Invesco Ltd. | 2% | 3,857,823 | $927,150,608 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Pioneer Natural Resources Company.
