Pioneer Natural Resources Company (PXD) Position Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in Pioneer Natural Resources Company (NYSE:PXD) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,033 shares of the oil and gas development company’s stock after purchasing an additional 500 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Pioneer Natural Resources were worth $6,202,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cadence Capital Management LLC grew its holdings in Pioneer Natural Resources by 0.5% in the second quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after purchasing an additional 30 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Pioneer Natural Resources by 2.6% in the second quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock valued at $250,000 after purchasing an additional 40 shares during the period. Nordea Investment Management AB grew its holdings in Pioneer Natural Resources by 0.5% in the second quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock valued at $1,277,000 after purchasing an additional 41 shares during the period. FTB Advisors Inc. grew its holdings in Pioneer Natural Resources by 1.7% in the second quarter. FTB Advisors Inc. now owns 2,646 shares of the oil and gas development company’s stock valued at $402,000 after purchasing an additional 43 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Pioneer Natural Resources by 0.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 5,043 shares of the oil and gas development company’s stock valued at $805,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.

In other news, Chairman Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total transaction of $805,700.00. Following the transaction, the chairman now directly owns 585,466 shares of the company’s stock, valued at $94,341,991.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total transaction of $279,414.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,490 shares of company stock worth $2,926,897. Corporate insiders own 0.89% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded up $1.12 during mid-day trading on Friday, reaching $157.16. 1,634,998 shares of the company’s stock were exchanged, compared to its average volume of 1,466,724. Pioneer Natural Resources Company has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $26,743.13, a PE ratio of 109.90, a price-to-earnings-growth ratio of 10.04 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. research analysts anticipate that Pioneer Natural Resources Company will post 1.53 earnings per share for the current fiscal year.

PXD has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of 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 upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Wednesday, October 11th. Mizuho restated a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. Jefferies Group boosted their target price on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Barclays boosted their target price on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $194.20.

WARNING: “Pioneer Natural Resources Company (PXD) Position Raised by Skandinaviska Enskilda Banken AB publ” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2017/12/03/pioneer-natural-resources-company-pxd-position-raised-by-skandinaviska-enskilda-banken-ab-publ.html.

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.

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

What are top analysts saying about Pioneer Natural Resources Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pioneer Natural Resources Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit