Dean Investment Associates LLC boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 35.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,701 shares of the oil and gas development company’s stock after acquiring an additional 1,235 shares during the period. Dean Investment Associates LLC’s holdings in Pioneer Natural Resources were worth $694,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in PXD. GWM Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter worth $100,000. Commonwealth Bank of Australia lifted its position in Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter worth $120,000. WFG Advisors LP lifted its position in Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares during the last quarter. Finally, Sun Life Financial INC lifted its position in Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after acquiring an additional 1,229 shares during the last quarter. 90.90% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on PXD. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Friday. Credit Suisse Group began coverage on shares of Pioneer Natural Resources in a research report on Monday. They set an “outperform” rating and a $192.00 price objective for the company. Mizuho reaffirmed a “buy” rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Williams Capital cut their price objective on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, October 18th. Finally, Imperial Capital began coverage on shares of Pioneer Natural Resources in a research report on Tuesday, August 22nd. They set an “outperform” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $192.20.
In related news, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $157.85, for a total value of $315,700.00. Following the sale, the executive vice president now owns 46,719 shares of the company’s stock, valued at $7,374,594.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the sale, the senior vice president now directly owns 12,861 shares in the company, valued at approximately $2,036,796.57. The disclosure for this sale can be found here. In the last three months, insiders sold 25,392 shares of company stock worth $4,036,997. 0.89% of the stock is currently owned by insiders.
Pioneer Natural Resources (NYSE:PXD) traded down $0.48 during midday trading on Friday, reaching $156.58. 895,400 shares of the company were exchanged, compared to its average volume of 1,830,959. The company has a market capitalization of $26,726.16, a PE ratio of 109.83, a P/E/G ratio of 10.03 and a beta of 0.97. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $199.83. 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 posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. equities analysts predict that Pioneer Natural Resources will post 1.53 EPS for the current year.
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About Pioneer Natural Resources
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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