Mitchell Capital Management Co. lowered its position in Pioneer Natural Resources Company (NYSE:PXD) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,382 shares of the oil and gas development company’s stock after selling 933 shares during the period. Mitchell Capital Management Co.’s holdings in Pioneer Natural Resources were worth $2,565,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System grew its holdings in shares of Pioneer Natural Resources by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock worth $36,561,000 after acquiring an additional 4,040 shares during the period. Channing Capital Management LLC grew its holdings in shares of Pioneer Natural Resources by 17.9% in the third quarter. Channing Capital Management LLC now owns 102,651 shares of the oil and gas development company’s stock worth $15,145,000 after acquiring an additional 15,556 shares during the period. Andra AP fonden grew its holdings in shares of Pioneer Natural Resources by 53.0% in the third quarter. Andra AP fonden now owns 25,100 shares of the oil and gas development company’s stock worth $3,703,000 after acquiring an additional 8,700 shares during the period. Artemis Investment Management LLP grew its holdings in shares of Pioneer Natural Resources by 7.0% in the third quarter. Artemis Investment Management LLP now owns 65,413 shares of the oil and gas development company’s stock worth $9,652,000 after acquiring an additional 4,253 shares during the period. Finally, Deltec Asset Management LLC grew its holdings in shares of Pioneer Natural Resources by 128.4% in the third quarter. Deltec Asset Management LLC now owns 64,935 shares of the oil and gas development company’s stock worth $9,581,000 after acquiring an additional 36,505 shares during the period. 91.82% of the stock is owned by institutional investors.
In other 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 value of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew F. Cates purchased 350 shares of Pioneer Natural Resources stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the acquisition, the director now 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. Over the last 90 days, insiders have acquired 1,200 shares of company stock worth $161,102. Company insiders own 0.89% of the company’s stock.
Shares of Pioneer Natural Resources Company (PXD) traded up $2.49 during mid-day trading on Friday, reaching $150.29. The company’s stock had a trading volume of 2,121,046 shares, compared to its average volume of 1,844,161. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.84. The firm has a market capitalization of $25,564.03, a PE ratio of 105.10, a P/E/G ratio of 11.99 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. research analysts expect that Pioneer Natural Resources Company will post 1.25 earnings per share for the current year.
The business also recently disclosed 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 (DPR) is presently 11.11%.
Several analysts recently commented on PXD shares. Jefferies Group LLC set a $171.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 29th. Morgan Stanley cut their price target 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. Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Stifel Nicolaus set a $248.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank Of Canada set a $201.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $193.62.
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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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