PXD - VP & CAO At Pioneer Natural Resources Sells $369K Of Stock | Benzinga
Christopher L Washburn, VP & CAO at Pioneer Natural Resources (NYSE:PXD), disclosed an insider sell on March 28, according to a recent SEC filing.
What Happened: Washburn's recent move involves selling 1,416 shares of Pioneer Natural Resources. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $369,512.
At Friday morning, Pioneer Natural Resources shares are up by 0.96%, trading at $262.5.
About 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 Financial Performance
Revenue Challenges: Pioneer Natural Resources's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.89%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers ...