Commonwealth Equity Services LLC lifted its holdings in Pioneer Natural Resources (NYSE:PXD) by 6.1% during the third quarter, Holdings Channel reports. The institutional investor owned 9,535 shares of the oil and gas development company’s stock after purchasing an additional 550 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Pioneer Natural Resources were worth $1,199,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Canal Capital Management LLC raised its holdings in shares of Pioneer Natural Resources by 20.6% in the third quarter. Canal Capital Management LLC now owns 2,562 shares of the oil and gas development company’s stock worth $322,000 after acquiring an additional 438 shares during the last quarter. Stoneridge Investment Partners LLC raised its holdings in shares of Pioneer Natural Resources by 30.5% in the third quarter. Stoneridge Investment Partners LLC now owns 30,004 shares of the oil and gas development company’s stock worth $3,774,000 after acquiring an additional 7,021 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Pioneer Natural Resources by 6.9% in the third quarter. Cerity Partners LLC now owns 1,641 shares of the oil and gas development company’s stock worth $206,000 after acquiring an additional 106 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in shares of Pioneer Natural Resources by 9.1% in the third quarter. Chicago Equity Partners LLC now owns 10,835 shares of the oil and gas development company’s stock worth $1,363,000 after acquiring an additional 905 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Pioneer Natural Resources by 26.6% in the third quarter. Harbour Capital Advisors LLC now owns 6,648 shares of the oil and gas development company’s stock worth $836,000 after acquiring an additional 1,395 shares during the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.
In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,619 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $140.35, for a total transaction of $788,626.65. Following the completion of the sale, the executive vice president now 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 SEC, which is available through this hyperlink. Also, Director J Kenneth Thompson purchased 500 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $121.01 per share, with a total value of $60,505.00. Following the transaction, the director now owns 13,024 shares of the company’s stock, valued at approximately $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is currently owned by insiders.
Pioneer Natural Resources stock opened at $133.50 on Thursday. The firm has a market capitalization of $22.14 billion, a P/E ratio of 21.16, a PEG ratio of 0.99 and a beta of 1.14. The stock has a fifty day moving average price of $128.59 and a 200 day moving average price of $137.56. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $178.22. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities analysts predict that Pioneer Natural Resources will post 8.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 13.95%.
A number of equities analysts have recently weighed in on the company. Scotiabank assumed coverage on Pioneer Natural Resources in a report on Tuesday. They issued a “sector perform” rating for the company. Williams Capital reissued a “buy” rating and issued a $190.00 price target on shares of Pioneer Natural Resources in a report on Tuesday, November 5th. Royal Bank of Canada reissued a “buy” rating and issued a $190.00 price target on shares of Pioneer Natural Resources in a report on Sunday, August 11th. Robert W. Baird boosted their price target on Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, ValuEngine cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $187.31.
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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