Pioneer Natural Resources Company (NYSE:PXD) operates as an independent oil and gas exploration and production company in the United States.
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Insider selling during the last 30 days
Here is a table of Pioneer's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Option Exercise & Sale||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Timothy Dove||COO||May 29-June 25||24,000||Yes||No||282,864
shares + 55,238 options
|Andrew Cates||Director||June 23||2,000||No||No||19,946 shares||9.1%|
|Mark Berg||EVP||June 6-20||4,000||No||No||73,322 shares + 5,607
|Richard Dealy||CFO||May 30-June 18||12,466||No||No||188,619 shares + 4,213 options||6.1%|
|Jim Watson||Director||June 18||1,000||No||No||6,553
|Edison Buchanan||Director||June 13||600||No||No||25,972
|Frank Risch||Director||May 29-June 13||2,000||No||No||12,695
|Danny Kellum||EVP||June 9-12||12,000||No||No||42,834 shares||21.9%|
|William Hannes||EVP||June 11||11,246||Yes||No||77,921 shares||12.6%|
|Scott Sheffield||CEO||June 9||20,000||No||No||690,114 shares||2.8%|
|Kenneth Thompson||Director||June 10||500||No||No||7,070
|Charles Ramsey||Director||June 2||619||No||No||15,810 shares||3.8%|
There have been 90,431 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Pioneer's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 577,428 shares sold and there have been 527 shares purchased by insiders since January 2013.
Pioneer reported the first-quarter financial results on May 6 with the following highlights:
|Net income||$123 million|
The 12 insiders sold their shares after these results.
(Source: Earnings presentation)
Pioneer's second-quarter guidance is as follows:
|Daily production||173-178 MBOEPD|
|Production cost||$13.50-$15.50 per BOE|
(Source: Earnings presentation)
|Qtrly Rev Growth (yoy):||0.36||-0.09||0.28||0.77|
|PEG (5 yr expected):||2.29||471.67||2.25||0.96|
Pioneer has the highest P/S ratio among these four companies.
Here is a table of these competitors' insider activities during the last 30 days.
|Company||Insider buying / shares||Insider selling / shares|
Apache has also seen intensive insider selling during the last 30 days.
There have been 12 different insiders selling Pioneer and there have not been any insiders buying Pioneer during the last 30 days. Four of these 12 insiders decreased their holdings by more than 10%. Pioneer has an insider ownership of 1.09%.
Before going short Pioneer, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are a relatively high P/S ratio, and the intensive insider-selling activity.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.