Watch Point Trust Co increased its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,247 shares of the oil and gas development company’s stock after purchasing an additional 1,155 shares during the quarter. Watch Point Trust Co’s holdings in Pioneer Natural Resources were worth $2,169,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PXD. Berman Capital Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 64.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 87 shares during the last quarter. Parallax Volatility Advisers L.P. increased its holdings in Pioneer Natural Resources by 1,606.7% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after purchasing an additional 241 shares in the last quarter. HM Payson & Co. acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at $53,000. Venturi Wealth Management LLC acquired a new stake in Pioneer Natural Resources in the 3rd quarter valued at $53,000. Finally, Foresters Asset Management Inc. increased its holdings in Pioneer Natural Resources by 35.7% in the 2nd quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after purchasing an additional 100 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Chris J. Cheatwood sold 5,619 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at approximately $5,477,439.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director J Kenneth Thompson acquired 500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of $121.01 per share, for a total transaction of $60,505.00. Following the acquisition, the director now owns 13,024 shares in the company, valued at approximately $1,576,034.24. The disclosure for this purchase can be found here. Company insiders own 0.91% of the company’s stock.
NYSE PXD traded down $1.58 on Friday, hitting $134.99. 1,085,631 shares of the stock were exchanged, compared to its average volume of 1,767,316. Pioneer Natural Resources has a 52-week low of $114.79 and a 52-week high of $178.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.76. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.00 and a beta of 1.14. The company’s 50-day moving average price is $128.54 and its two-hundred day moving average price is $138.37.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.07 earnings per share. Equities analysts predict that Pioneer Natural Resources will post 8.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a $0.44 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.76 annualized dividend and a yield of 1.30%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 13.95%.
Several brokerages recently issued reports on PXD. Piper Jaffray Companies set a $202.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, August 16th. TheStreet cut shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research report on Tuesday, October 8th. KeyCorp increased their price target on shares of Pioneer Natural Resources from $168.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird increased their price target on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $186.97.
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.
Further Reading: Dividend Yield
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