Tuesday, December 26, 2017 10:15 PM ET
Pioneer Natural Resources (PXD) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
In SEC filings today Pioneer Natural Resources disclosed two insiders — Scott D Sheffield, Director, and Frank E Hopkins, Officer — disposed of 6,000 shares in the company having a market value of approximately $1,032,903. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 26,866 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 32,866 shares and have averaged 3,287 shares per transaction over this time period.
The number of insider buy/sell trades at Pioneer Natural Resources is higher than that of the 191 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 161 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Pioneer Natural Resources insiders is lower than its peers. Within the peer group there were 3,298,298 shares purchased and 8,017,014 shares sold with company insiders having sold 29,309 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to evaluate and write this story.
Today’s Insider Activity
* Scott D Sheffield, Director, sold 5,000 shares
* Frank E Hopkins, Officer, sold 1,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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