Energy Opportunities Capital Management LLC decreased its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,468 shares of the oil and gas development company’s stock after selling 344 shares during the period. Pioneer Natural Resources comprises 2.7% of Energy Opportunities Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Energy Opportunities Capital Management LLC’s holdings in Pioneer Natural Resources were worth $5,022,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independence Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter worth about $822,000. Murphy Capital Management Inc. lifted its stake in Pioneer Natural Resources by 4.5% during the 2nd quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after acquiring an additional 4,980 shares in the last quarter. Summit Global Investments lifted its stake in Pioneer Natural Resources by 83.4% during the 2nd quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock worth $1,465,000 after acquiring an additional 4,173 shares in the last quarter. BlackRock Inc. lifted its stake in Pioneer Natural Resources by 2,397.3% during the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after acquiring an additional 10,921,279 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Pioneer Natural Resources during the 1st quarter worth about $260,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Andrew F. Cates bought 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, for a total transaction of $47,379.50. Following the completion of the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The acquisition 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 company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders purchased a total of 1,200 shares of company stock valued at $161,102 over the last three months. Corporate insiders own 0.89% of the company’s stock.
Several equities analysts recently issued reports on PXD shares. Williams Capital set a $184.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $200.16.
Pioneer Natural Resources Company (PXD) traded down 0.051% during mid-day trading on Friday, hitting $146.165. The stock had a trading volume of 1,246,727 shares. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The company has a 50-day moving average of $139.76 and a 200-day moving average of $157.89. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 147.492 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted ($0.22) EPS. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, analysts anticipate that Pioneer Natural Resources Company will post $1.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 8.16%.
Pioneer Natural Resources 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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