BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,609 shares of the oil and gas development company’s stock after acquiring an additional 11,760 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.09% of Pioneer Natural Resources worth $22,073,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources in the second quarter worth about $100,000. Commonwealth Bank of Australia increased its position in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in Pioneer Natural Resources in the second quarter worth about $120,000. WFG Advisors LP increased its position in Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares in the last quarter. Finally, Sun Life Financial INC increased its position in Pioneer Natural Resources by 7,229.4% in the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after buying an additional 1,229 shares in the last quarter. Institutional investors own 90.89% of the company’s stock.
In related news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Scott D. Sheffield sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total value of $805,700.00. Following the transaction, the chairman now directly owns 585,466 shares of the company’s stock, valued at $94,341,991.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,072 shares of company stock valued at $3,644,749. 0.89% of the stock is owned by corporate insiders.
A number of analysts have commented on the company. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Friday, November 10th. Mizuho set a $190.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. KeyCorp set a $180.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. Barclays upped their price objective on Pioneer Natural Resources from $147.00 to $156.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Finally, Stifel Nicolaus set a $248.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $194.20.
Shares of Pioneer Natural Resources (NYSE PXD) traded up $2.43 during trading on Thursday, reaching $153.09. The company had a trading volume of 531,887 shares, compared to its average volume of 1,846,539. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83. The company has a market capitalization of $26,181.63, a price-to-earnings ratio of 107.59, a PEG ratio of 9.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. sell-side analysts predict that Pioneer Natural Resources will post 1.53 earnings per share for the current year.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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