Capital Innovations LLC Acquires 500 Shares of Pioneer Natural Resources Company (PXD)

Capital Innovations LLC increased its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,175 shares of the oil and gas development company’s stock after acquiring an additional 500 shares during the quarter. Pioneer Natural Resources comprises 1.9% of Capital Innovations LLC’s investment portfolio, making the stock its 19th biggest position. Capital Innovations LLC’s holdings in Pioneer Natural Resources were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PXD. Westpac Banking Corp raised its stake in Pioneer Natural Resources by 28.4% during the first quarter. Westpac Banking Corp now owns 22,442 shares of the oil and gas development company’s stock worth $3,434,000 after purchasing an additional 4,966 shares during the period. Artisan Partners Limited Partnership raised its stake in Pioneer Natural Resources by 20.1% during the first quarter. Artisan Partners Limited Partnership now owns 1,349,786 shares of the oil and gas development company’s stock worth $251,371,000 after purchasing an additional 225,563 shares during the period. Papp L Roy & Associates raised its stake in Pioneer Natural Resources by 12.1% during the first quarter. Papp L Roy & Associates now owns 39,642 shares of the oil and gas development company’s stock worth $7,383,000 after purchasing an additional 4,287 shares during the period. Cadence Capital Management LLC raised its stake in Pioneer Natural Resources by 7.0% during the first quarter. Cadence Capital Management LLC now owns 5,973 shares of the oil and gas development company’s stock worth $1,112,000 after purchasing an additional 392 shares during the period. Finally, AXA raised its stake in Pioneer Natural Resources by 3.7% during the first quarter. AXA now owns 149,619 shares of the oil and gas development company’s stock worth $27,863,000 after purchasing an additional 5,349 shares during the period. Hedge funds and other institutional investors own 91.57% of the company’s stock.

A number of brokerages have commented on PXD. Wells Fargo & Company downgraded shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Williams Capital set a $184.00 target price on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Cowen and Company set a $210.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $202.32.

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded up 0.21% during midday trading on Tuesday, reaching $151.28. 542,925 shares of the company traded hands. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of 152.65 and a beta of 0.94. The company’s 50 day moving average is $138.04 and its 200-day moving average is $158.26.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. Equities research analysts forecast that Pioneer Natural Resources Company will post $1.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is 8.16%.

In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders purchased 1,200 shares of company stock worth $161,102 in the last 90 days. 0.89% of the stock is currently owned by insiders.

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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)

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