OLD National Bancorp IN decreased its position in Pioneer Natural Resources Company (NYSE:PXD) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,054 shares of the oil and gas development company’s stock after selling 3,813 shares during the quarter. OLD National Bancorp IN’s holdings in Pioneer Natural Resources were worth $5,172,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. GWM Advisors LLC acquired a new position in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $100,000. Commonwealth Bank of Australia grew its position in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $120,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Pioneer Natural Resources in the 1st quarter worth approximately $172,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Pioneer Natural Resources in the 1st quarter worth approximately $195,000. Institutional investors own 91.82% of the company’s stock.
In other news, Director J Kenneth Thompson acquired 750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the transaction, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew F. Cates acquired 350 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price 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 in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders acquired a total of 1,200 shares of company stock worth $161,102 over the last quarter. Corporate insiders own 0.89% of the company’s stock.
Pioneer Natural Resources Company (PXD) traded up 2.19% during mid-day trading on Tuesday, hitting $149.47. The stock had a trading volume of 984,279 shares. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The firm has a market cap of $25.42 billion, a P/E ratio of 150.83 and a beta of 0.94. The stock has a 50 day moving average of $144.25 and a 200-day moving average of $153.77.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. Analysts predict that Pioneer Natural Resources Company will post $1.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a $0.04 dividend. 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 payout ratio is 8.16%.
PXD has been the subject of several research reports. BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Sanford C. Bernstein restated an “outperform” rating on shares of Pioneer Natural Resources in a research report on Friday, July 7th. BMO Capital Markets reduced their price objective on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, July 14th. Stifel Nicolaus restated a “buy” rating and set a $268.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and an average target price 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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