Pacer Advisors Inc. grew its position in shares of Pioneer Natural Resources (NYSE:PXD) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,756 shares of the oil and gas development company’s stock after purchasing an additional 1,670 shares during the period. Pacer Advisors Inc.’s holdings in Pioneer Natural Resources were worth $2,233,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of PXD. MML Investors Services LLC grew its position in Pioneer Natural Resources by 27.7% in the second quarter. MML Investors Services LLC now owns 6,323 shares of the oil and gas development company’s stock worth $973,000 after acquiring an additional 1,371 shares in the last quarter. Winfield Associates Inc. purchased a new position in Pioneer Natural Resources in the second quarter worth about $287,000. Avitas Wealth Management LLC purchased a new position in Pioneer Natural Resources in the second quarter worth about $2,259,000. Hodges Capital Management Inc. grew its position in Pioneer Natural Resources by 44.4% in the second quarter. Hodges Capital Management Inc. now owns 1,950 shares of the oil and gas development company’s stock worth $300,000 after acquiring an additional 600 shares in the last quarter. Finally, FineMark National Bank & Trust grew its position in Pioneer Natural Resources by 18.8% in the second quarter. FineMark National Bank & Trust now owns 22,671 shares of the oil and gas development company’s stock worth $3,488,000 after acquiring an additional 3,590 shares in the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.
Shares of NYSE PXD opened at $129.89 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market cap of $21.62 billion, a P/E ratio of 20.58, a PEG ratio of 0.73 and a beta of 1.14. Pioneer Natural Resources has a 1 year low of $114.79 and a 1 year high of $178.22. The firm has a 50-day simple moving average of $128.42 and a two-hundred day simple moving average of $141.97.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.13. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. As a group, equities research analysts expect that Pioneer Natural Resources will post 8.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were paid a $0.44 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.76 annualized dividend and a yield of 1.35%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 13.95%.
In other news, EVP Chris J. Cheatwood sold 5,619 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $140.35, for a total transaction of $788,626.65. Following the completion of the sale, the executive vice president now owns 39,027 shares of the company’s stock, valued at $5,477,439.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson purchased 500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $121.01 per share, with a total value of $60,505.00. Following the purchase, the director now directly owns 13,024 shares of the company’s stock, valued at approximately $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is owned by company insiders.
Several research firms recently commented on PXD. SunTrust Banks dropped their price target on Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Morgan Stanley dropped their price target on Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada reiterated a “buy” rating and issued a $190.00 price target on shares of Pioneer Natural Resources in a research report on Sunday, August 11th. TheStreet lowered Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, July 23rd. Finally, TD Securities dropped their price target on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and an average target price of $192.14.
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, 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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