Gradient Investments LLC Has $118,000 Position in Pioneer Natural Resources (NYSE:PXD)

Gradient Investments LLC lowered its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939 shares of the oil and gas development company’s stock after selling 102 shares during the period. Gradient Investments LLC’s holdings in Pioneer Natural Resources were worth $118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Beese Fulmer Investment Management Inc. boosted its stake in Pioneer Natural Resources by 1.2% during the second quarter. Beese Fulmer Investment Management Inc. now owns 6,920 shares of the oil and gas development company’s stock worth $1,065,000 after buying an additional 80 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 6.0% during the second quarter. Cetera Advisors LLC now owns 1,491 shares of the oil and gas development company’s stock valued at $228,000 after acquiring an additional 84 shares during the period. Berman Capital Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 64.9% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares during the period. CWM Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 1.4% during the second quarter. CWM Advisors LLC now owns 6,637 shares of the oil and gas development company’s stock valued at $1,021,000 after acquiring an additional 89 shares during the period. Finally, Foresters Asset Management Inc. lifted its holdings in shares of Pioneer Natural Resources by 35.7% during the second quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

PXD has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on Pioneer Natural Resources from $142.00 to $157.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Morgan Stanley cut their price objective on Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 4th. SunTrust Banks cut their price objective on Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Wells Fargo & Co lifted their price objective on Pioneer Natural Resources from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $190.00 price objective on shares of Pioneer Natural Resources in a report on Sunday, August 11th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $192.14.

In related news, EVP Chris J. Cheatwood sold 5,619 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $140.35, for a total value of $788,626.65. Following the completion of the transaction, the executive vice president now directly owns 39,027 shares of the company’s stock, valued at $5,477,439.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Kenneth Thompson purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $121.01 per share, with a total value of $60,505.00. Following the completion of the acquisition, the director now directly owns 13,024 shares of the company’s stock, valued at $1,576,034.24. The disclosure for this purchase can be found here. Insiders own 0.91% of the company’s stock.

Pioneer Natural Resources stock opened at $132.51 on Friday. The stock has a 50-day simple moving average of $127.89 and a 200 day simple moving average of $142.11. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 12-month low of $114.79 and a 12-month high of $178.22. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 0.69 and a beta of 1.14.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.13. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pioneer Natural Resources will post 8.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 26th. Pioneer Natural Resources’s payout ratio is currently 13.95%.

Pioneer Natural Resources Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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