State Street Corp Purchases 21,344 Shares of Pioneer Natural Resources (NYSE:PXD)

State Street Corp boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,815,300 shares of the oil and gas development company’s stock after acquiring an additional 21,344 shares during the period. State Street Corp owned 5.97% of Pioneer Natural Resources worth $849,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PXD. Robeco Institutional Asset Management B.V. raised its stake in Pioneer Natural Resources by 4.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 42,101 shares of the oil and gas development company’s stock worth $4,114,000 after acquiring an additional 1,801 shares during the period. New York State Teachers Retirement System grew its holdings in Pioneer Natural Resources by 5.9% during the 2nd quarter. New York State Teachers Retirement System now owns 248,535 shares of the oil and gas development company’s stock valued at $24,282,000 after buying an additional 13,852 shares in the last quarter. First Trust Advisors LP grew its holdings in Pioneer Natural Resources by 701.5% during the 2nd quarter. First Trust Advisors LP now owns 343,783 shares of the oil and gas development company’s stock valued at $33,588,000 after buying an additional 300,890 shares in the last quarter. Creative Planning grew its holdings in Pioneer Natural Resources by 3.3% during the 2nd quarter. Creative Planning now owns 6,746 shares of the oil and gas development company’s stock valued at $659,000 after buying an additional 214 shares in the last quarter. Finally, Strs Ohio grew its holdings in Pioneer Natural Resources by 16.2% during the 2nd quarter. Strs Ohio now owns 198,805 shares of the oil and gas development company’s stock valued at $19,423,000 after buying an additional 27,664 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

A number of brokerages have issued reports on PXD. Morgan Stanley increased their price objective on shares of Pioneer Natural Resources from $99.00 to $111.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Siebert Williams Shank reissued a “buy” rating and issued a $147.00 target price on shares of Pioneer Natural Resources in a report on Wednesday, August 26th. Citigroup raised their target price on shares of Pioneer Natural Resources from $118.00 to $130.00 and gave the company a “buy” rating in a report on Monday, August 17th. Wells Fargo & Company raised their target price on shares of Pioneer Natural Resources from $122.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Finally, Bank of America raised their target price on shares of Pioneer Natural Resources from $122.00 to $130.00 and gave the company a “buy” rating in a report on Monday, September 28th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $125.55.

Shares of NYSE PXD opened at $95.81 on Friday. The business’s 50 day moving average price is $86.41 and its 200 day moving average price is $94.02. The firm has a market cap of $15.75 billion, a P/E ratio of 38.02, a P/E/G ratio of 6.28 and a beta of 1.84. Pioneer Natural Resources has a 52 week low of $48.62 and a 52 week high of $159.01. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 4th. The oil and gas development company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Pioneer Natural Resources had a net margin of 5.26% and a return on equity of 7.20%. Pioneer Natural Resources’s quarterly revenue was down 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 EPS. As a group, research analysts expect that Pioneer Natural Resources will post 1.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.30%. Pioneer Natural Resources’s dividend payout ratio is currently 26.89%.

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. As of December 31, 2019, the company had proved undeveloped reserves and proved developed non-producing reserves of 39 million barrels of oil, 16 million barrels of NGLs, and 83 billion cubic feet of gas; and owned interests in 11 gas processing plants.

Read More: How to start trading in the forex market?

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

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.