Waters Parkerson & CO. LLC boosted its holdings in Pioneer Natural Resources (NYSE:PXD) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,799 shares of the oil and gas development company’s stock after purchasing an additional 501 shares during the quarter. Pioneer Natural Resources makes up about 1.4% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 29th largest holding. Waters Parkerson & CO. LLC owned about 0.05% of Pioneer Natural Resources worth $15,941,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its holdings in Pioneer Natural Resources by 22.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,472 shares of the oil and gas development company’s stock worth $254,000 after purchasing an additional 273 shares during the period. Cobiz Wealth LLC boosted its holdings in Pioneer Natural Resources by 0.8% in the fourth quarter. Cobiz Wealth LLC now owns 33,971 shares of the oil and gas development company’s stock worth $5,872,000 after purchasing an additional 276 shares during the period. Reliant Investment Management LLC boosted its holdings in Pioneer Natural Resources by 1.5% in the fourth quarter. Reliant Investment Management LLC now owns 22,296 shares of the oil and gas development company’s stock worth $3,854,000 after purchasing an additional 325 shares during the period. Thornburg Investment Management Inc. boosted its holdings in Pioneer Natural Resources by 0.5% in the first quarter. Thornburg Investment Management Inc. now owns 67,189 shares of the oil and gas development company’s stock worth $11,542,000 after purchasing an additional 330 shares during the period. Finally, Neuburgh Advisers LLC boosted its holdings in Pioneer Natural Resources by 7.8% in the first quarter. Neuburgh Advisers LLC now owns 4,640 shares of the oil and gas development company’s stock worth $797,000 after purchasing an additional 336 shares during the period. 89.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Pioneer Natural Resources opened at $206.08 on Thursday, according to Marketbeat. Pioneer Natural Resources has a fifty-two week low of $201.99 and a fifty-two week high of $205.08. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.20. The stock has a market cap of $34.61 billion, a P/E ratio of 95.41, a P/E/G ratio of 2.28 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas development company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.16. Pioneer Natural Resources had a net margin of 15.56% and a return on equity of 5.57%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue was up 56.5% on a year-over-year basis. analysts predict that Pioneer Natural Resources will post 6.75 earnings per share for the current fiscal year.
Pioneer Natural Resources announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the oil and gas development company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 1,410 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $179.33, for a total value of $252,855.30. Following the sale, the chief accounting officer now directly owns 7,586 shares in the company, valued at $1,360,397.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Chris J. Cheatwood sold 9,513 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $175.93, for a total transaction of $1,673,622.09. Following the completion of the sale, the executive vice president now owns 42,931 shares in the company, valued at $7,552,850.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,176 shares of company stock worth $14,216,097. 0.92% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $240.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 26th. Stifel Nicolaus set a $308.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, April 24th. Williams Capital set a $202.00 price target on shares of Pioneer Natural Resources and gave the company a “hold” rating in a report on Thursday, May 3rd. ValuEngine raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. Finally, KeyCorp boosted their price target on shares of Pioneer Natural Resources from $195.00 to $220.00 and gave the company a “buy” rating in a report on Monday, April 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $218.67.
About Pioneer Natural Resources
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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