Pioneer Natural Resources Company (PXD) Position Raised by Texas Capital Bancshares Inc. TX

Texas Capital Bancshares Inc. TX increased its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 78.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,223 shares of the oil and gas development company’s stock after buying an additional 2,297 shares during the period. Pioneer Natural Resources accounts for about 1.9% of Texas Capital Bancshares Inc. TX’s investment portfolio, making the stock its 9th largest position. Texas Capital Bancshares Inc. TX’s holdings in Pioneer Natural Resources were worth $833,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. National Pension Service increased its stake in shares of Pioneer Natural Resources by 5.4% in the first quarter. National Pension Service now owns 135,210 shares of the oil and gas development company’s stock valued at $24,673,000 after buying an additional 6,964 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares during the last quarter. Augustine Asset Management Inc. increased its stake in shares of Pioneer Natural Resources by 1.4% in the first quarter. Augustine Asset Management Inc. now owns 16,972 shares of the oil and gas development company’s stock valued at $3,160,000 after buying an additional 227 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Pioneer Natural Resources by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 52,978 shares of the oil and gas development company’s stock valued at $9,866,000 after buying an additional 625 shares during the last quarter. Finally, S&CO Inc. increased its stake in shares of Pioneer Natural Resources by 24.1% in the first quarter. S&CO Inc. now owns 36,660 shares of the oil and gas development company’s stock valued at $6,827,000 after buying an additional 7,125 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Shares of Pioneer Natural Resources Company (PXD) traded up 0.52% during mid-day trading on Friday, reaching $131.95. The company had a trading volume of 1,270,967 shares. The company has a market capitalization of $22.44 billion, a price-to-earnings ratio of 133.15 and a beta of 0.91. The firm’s 50-day moving average is $151.24 and its 200 day moving average is $170.96. Pioneer Natural Resources Company has a 12 month low of $128.50 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) EPS. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.17 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2017/08/19/pioneer-natural-resources-company-pxd-is-texas-capital-bancshares-inc-txs-9th-largest-position-updated-updated.html.

Several equities research analysts have issued reports on the company. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, May 17th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $210.75.

In other news, Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J Kenneth Thompson purchased 750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $133.40 per share, with a total value of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares in the company, valued at $1,449,391. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,200 shares of company stock valued at $161,102. 0.92% of the stock is owned by insiders.

About Pioneer Natural Resources

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.

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

What are top analysts saying about Pioneer Natural Resources Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pioneer Natural Resources Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit