Coe Capital Management LLC lifted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,711 shares of the oil and gas development company’s stock after purchasing an additional 154 shares during the quarter. Coe Capital Management LLC’s holdings in Pioneer Natural Resources were worth $970,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in PXD. Price T Rowe Associates Inc. MD grew its stake in Pioneer Natural Resources by 35.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,623,503 shares of the oil and gas development company’s stock valued at $1,788,392,000 after buying an additional 3,032,727 shares in the last quarter. Primecap Management Co. CA boosted its holdings in Pioneer Natural Resources by 203.6% in the 2nd quarter. Primecap Management Co. CA now owns 4,150,495 shares of the oil and gas development company’s stock valued at $638,595,000 after purchasing an additional 2,783,199 shares during the period. BlackRock Inc. boosted its holdings in Pioneer Natural Resources by 9.6% in the 2nd quarter. BlackRock Inc. now owns 11,490,193 shares of the oil and gas development company’s stock valued at $1,767,880,000 after purchasing an additional 1,008,677 shares during the period. Nuveen Asset Management LLC boosted its holdings in Pioneer Natural Resources by 1,105.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 820,509 shares of the oil and gas development company’s stock valued at $126,243,000 after purchasing an additional 752,470 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in Pioneer Natural Resources by 35.8% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,089,906 shares of the oil and gas development company’s stock valued at $167,693,000 after purchasing an additional 287,381 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on PXD shares. Williams Capital reissued a “buy” rating and issued a $190.00 price target on shares of Pioneer Natural Resources in a report on Tuesday, November 5th. Morgan Stanley dropped their price objective on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 4th. TD Securities boosted their price target on shares of Pioneer Natural Resources from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. SunTrust Banks lowered their price target on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, Robert W. Baird boosted 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 note on Monday, September 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $186.97.
In other news, Director J Kenneth Thompson bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $121.01 per share, for a total transaction of $60,505.00. Following the purchase, the director now directly owns 13,024 shares in the company, valued at approximately $1,576,034.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Chris J. Cheatwood sold 5,619 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $140.35, for a total transaction of $788,626.65. Following the sale, the executive vice president now directly 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 company insiders.
PXD stock traded down $1.58 during midday trading on Friday, reaching $134.99. 1,085,631 shares of the company’s stock traded hands, compared to its average volume of 1,767,316. The stock’s 50-day moving average is $128.54 and its 200 day moving average is $138.37. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The stock has a market cap of $22.71 billion, a P/E ratio of 21.39, a PEG ratio of 1.00 and a beta of 1.14. Pioneer Natural Resources has a 52-week low of $114.79 and a 52-week high of $178.22.
Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business posted $2.07 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. As a group, research analysts expect that Pioneer Natural Resources will post 8.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.44 per share. 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 currently 13.95%.
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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