Nomura Asset Management Co. Ltd. lifted its position in Pioneer Natural Resources (NYSE:PXD) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,369 shares of the oil and gas development company’s stock after acquiring an additional 950 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Pioneer Natural Resources were worth $3,867,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in Pioneer Natural Resources by 11.4% during the 4th quarter. BlackRock Inc. now owns 13,552,443 shares of the oil and gas development company’s stock valued at $2,342,540,000 after buying an additional 1,389,479 shares in the last quarter. Bank of New York Mellon Corp increased its position in Pioneer Natural Resources by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,683,875 shares of the oil and gas development company’s stock valued at $463,908,000 after buying an additional 329,971 shares in the last quarter. Boston Partners increased its position in Pioneer Natural Resources by 51.2% during the 4th quarter. Boston Partners now owns 2,262,356 shares of the oil and gas development company’s stock valued at $391,048,000 after buying an additional 766,124 shares in the last quarter. Ameriprise Financial Inc. increased its position in Pioneer Natural Resources by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,031,598 shares of the oil and gas development company’s stock valued at $299,386,000 after buying an additional 25,163 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in Pioneer Natural Resources by 1.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,844,299 shares of the oil and gas development company’s stock valued at $272,108,000 after buying an additional 34,109 shares in the last quarter. 89.44% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on PXD shares. Credit Suisse Group started coverage on Pioneer Natural Resources in a research report on Monday, December 11th. They set an “outperform” rating and a $192.00 price objective for the company. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price objective for the company in a research report on Tuesday, December 26th. KeyCorp set a $180.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, November 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $207.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. Finally, ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $211.40.
Shares of Pioneer Natural Resources (NYSE PXD) opened at $169.56 on Wednesday. The company has a market capitalization of $29,153.79, a price-to-earnings ratio of 79.25, a price-to-earnings-growth ratio of 2.57 and a beta of 0.96. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $192.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.31 and a current ratio of 1.41.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.63. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.39 billion. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The company’s revenue for the quarter was up 48.4% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. equities research analysts anticipate that Pioneer Natural Resources will post 6.16 earnings per share for the current year.
The company also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a $0.16 dividend. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.18%. The ex-dividend date is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 1.65%.
Pioneer Natural Resources declared that its board has initiated a share buyback program on Tuesday, February 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
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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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