Delta Capital Management LLC Has $3.58 Million Position in Pioneer Natural Resources (NYSE:PXD)

Delta Capital Management LLC reduced its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,430 shares of the oil and gas development company’s stock after selling 2,220 shares during the quarter. Pioneer Natural Resources accounts for 2.4% of Delta Capital Management LLC’s portfolio, making the stock its 18th largest position. Delta Capital Management LLC’s holdings in Pioneer Natural Resources were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PXD. Beese Fulmer Investment Management Inc. grew its holdings in Pioneer Natural Resources by 1.2% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,920 shares of the oil and gas development company’s stock valued at $1,065,000 after purchasing an additional 80 shares during the period. Cetera Advisors LLC lifted its position in Pioneer Natural Resources by 6.0% during the second quarter. Cetera Advisors LLC now owns 1,491 shares of the oil and gas development company’s stock valued at $228,000 after buying an additional 84 shares in the last quarter. Berman Capital Advisors LLC lifted its position in Pioneer Natural Resources by 64.9% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 87 shares in the last quarter. CWM Advisors LLC lifted its position in Pioneer Natural Resources by 1.4% during the second quarter. CWM Advisors LLC now owns 6,637 shares of the oil and gas development company’s stock valued at $1,021,000 after buying an additional 89 shares in the last quarter. Finally, Foresters Asset Management Inc. lifted its position in Pioneer Natural Resources by 35.7% during the second quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. SunTrust Banks reduced their price target on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. TheStreet cut shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies set a $202.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, ValuEngine raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $192.14.

PXD stock traded up $3.35 during trading on Friday, hitting $132.70. 30,992 shares of the company’s stock traded hands, compared to its average volume of 1,836,983. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $178.69. The stock has a fifty day moving average price of $127.77 and a two-hundred day moving average price of $142.15. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 0.69 and a beta of 1.14.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Pioneer Natural Resources will post 8.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were paid a dividend of $0.44 per share. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.76 annualized dividend and a yield of 1.33%. Pioneer Natural Resources’s payout ratio is presently 13.95%.

In other news, Director J Kenneth Thompson purchased 500 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $121.01 per share, for a total transaction of $60,505.00. Following the completion of the transaction, the director now owns 13,024 shares of the company’s stock, valued at $1,576,034.24. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Chris J. Cheatwood sold 5,619 shares of the company’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 transaction, the executive vice president now owns 39,027 shares of the company’s stock, valued at approximately $5,477,439.45. The disclosure for this sale can be found here. 0.91% of the stock is owned by insiders.

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

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