Oslo Asset Management AS Invests $20.66 Million in Pioneer Natural Resources Company (PXD)

Oslo Asset Management AS purchased a new position in shares of Pioneer Natural Resources Company (NYSE:PXD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 140,001 shares of the oil and gas development company’s stock, valued at approximately $20,656,000. Pioneer Natural Resources accounts for approximately 8.5% of Oslo Asset Management AS’s holdings, making the stock its 4th biggest position. Oslo Asset Management AS owned about 0.08% of Pioneer Natural Resources at the end of the most recent quarter.

Several other large investors have also modified their holdings of PXD. Oppenheimer Asset Management Inc. acquired a new stake in shares of Pioneer Natural Resources during the 1st quarter worth approximately $172,000. Level Four Advisory Services LLC grew its position in shares of Pioneer Natural Resources by 0.5% during the 1st quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock worth $518,000 after buying an additional 13 shares during the period. Peconic Partners LLC grew its position in shares of Pioneer Natural Resources by 1,046.0% during the 1st quarter. Peconic Partners LLC now owns 114,600 shares of the oil and gas development company’s stock worth $21,342,000 after buying an additional 104,600 shares during the period. Partners Capital Investment Group Holdings LLC grew its position in shares of Pioneer Natural Resources by 8.9% during the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 96,500 shares of the oil and gas development company’s stock worth $17,971,000 after buying an additional 7,889 shares during the period. Finally, Soros Fund Management LLC acquired a new stake in shares of Pioneer Natural Resources during the 1st quarter worth approximately $13,539,000. Institutional investors own 91.82% of the company’s stock.

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In other news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares in the company, valued at approximately $997,987.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,200 shares of company stock valued at $161,102. Corporate insiders own 0.89% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) traded up 0.27% during midday trading on Monday, reaching $145.77. 256,573 shares of the company traded hands. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of 147.09 and a beta of 0.94. The firm has a 50-day moving average price of $143.75 and a 200-day moving average price of $154.52.

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, beating the Zacks’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion during 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%. The company’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.22) EPS. 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. Stockholders 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 dividend yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.

Several equities research analysts have recently commented on PXD shares. Citigroup Inc. lowered their price target on shares of Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Cowen and Company set a $210.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. Stifel Nicolaus reissued a “buy” rating and set a $268.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, July 14th. Finally, Barclays PLC set a $136.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 4th. One 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. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $194.08.

Pioneer Natural Resources Company 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.

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

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