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Pioneer Natural Resources Co. [PXD] Insider Activity: An Update for Investors

Pioneer Natural Resources Co.’s filing revealed that its Director GOBE PHILLIP A unloaded Company’s shares for reported $0.52 million on Mar 28 ’24. In the deal valued at $261.12 per share,2,000 shares were sold. As a result of this transaction, GOBE PHILLIP A now holds 11,132 shares worth roughly $3.05 million.

Then, Washburn Christopher L sold 1,416 shares, generating $369,512 in total proceeds. Upon selling the shares at $260.95, the VP & CAO now owns 4,990 shares.

Before that, KLEINMAN MARK H sold 4,350 shares. Pioneer Natural Resources Co. shares valued at $1,105,248 were divested by the EVP & General Counsel at a price of $254.08 per share. As a result of the transaction, KLEINMAN MARK H now holds 45,506 shares, worth roughly $12.45 million.

Argus downgraded its Pioneer Natural Resources Co. [PXD] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Mkt perform”. BMO Capital Markets also remained covering PXD and has decreased its forecast on October 16, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on August 16, 2023. It rated PXD as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of PXD

On Monday, Pioneer Natural Resources Co. [NYSE:PXD] saw its stock jump 1.76% to $273.60. Over the last five days, the stock has gained 0.03%. Pioneer Natural Resources Co. shares have risen nearly 22.35% since the year began. Nevertheless, the stocks have risen 32.02% over the past one year. While a 52-week high of $278.83 was reached on 04/12/24, a 52-week low of $193.56 was recorded on 01/22/24. SMA at 50 days reached $255.39, while 200 days put it at $237.14. A total of 2.04 million shares were traded, compared to the trading of 2.06 million shares in the previous session.

Levels Of Support And Resistance For PXD Stock

The 24-hour chart illustrates a support level at 269.48, which if violated will result in even more drops to 265.35. On the upside, there is a resistance level at 275.91. A further resistance level may holdings at 278.21. The Relative Strength Index (RSI) on the 14-day chart is 62.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.83%. Stochastics %K at 55.70% indicates the stock is a holding.

The most recent change occurred on July 13, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Hold”‘ rating .

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