PXD - Board Member Of Pioneer Natural Resources Makes $2.41M Sale | Benzinga
Maria S Dreyfus, Board Member at Pioneer Natural Resources (NYSE:PXD), disclosed an insider sell on December 19, according to a recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Dreyfus executed a sale of 10,632 shares of Pioneer Natural Resources with a total value of $2,409,434.
The latest update on Wednesday morning shows Pioneer Natural Resources shares up by 0.52%, trading at $232.69.
Unveiling the Story Behind Pioneer Natural Resources
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.
Pioneer Natural Resources's Economic Impact: An Analysis
Revenue Growth: Pioneer Natural Resources's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -15.12%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out ...