Leavell Investment Management Inc. increased its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,876 shares of the oil and gas development company’s stock after buying an additional 1,398 shares during the quarter. Leavell Investment Management Inc.’s holdings in Pioneer Natural Resources were worth $2,933,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independence Advisors LLC bought a new stake in Pioneer Natural Resources in the 2nd quarter worth about $822,000. Murphy Capital Management Inc. increased its holdings in Pioneer Natural Resources by 4.5% in 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 buying an additional 4,980 shares in the last quarter. Summit Global Investments increased its holdings in Pioneer Natural Resources by 83.4% in 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 buying an additional 4,173 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Pioneer Natural Resources in the 1st quarter worth about $260,000. Finally, State of Tennessee Treasury Department increased its holdings in Pioneer Natural Resources by 66.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock worth $30,504,000 after buying an additional 76,268 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.
Pioneer Natural Resources Company (NYSE:PXD) traded up 2.16% on Friday, reaching $145.38. The company had a trading volume of 1,259,650 shares. The stock’s 50 day moving average is $143.75 and its 200-day moving average is $154.52. The stock has a market capitalization of $24.73 billion, a P/E ratio of 146.70 and a beta of 0.94. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year 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 analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.22) earnings per share. On average, equities analysts predict that Pioneer Natural Resources Company will post $1.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired 1,200 shares of company stock worth $161,102 in the last quarter. 0.89% of the stock is currently owned by company insiders.
Several equities research analysts recently commented on PXD shares. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Morgan Stanley reduced their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Wells Fargo & Company downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Mizuho reiterated a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $194.08.
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.
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