Stifel Financial Corp Boosts Stake in Pioneer Natural Resources (PXD)

Stifel Financial Corp lifted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,259 shares of the oil and gas development company’s stock after acquiring an additional 15,886 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Pioneer Natural Resources worth $19,051,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PXD. GWM Advisors LLC bought a new position in Pioneer Natural Resources in the 2nd quarter worth about $100,000. Commonwealth Bank of Australia boosted its stake in 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 purchasing an additional 67 shares during the period. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources in the 2nd quarter worth about $120,000. WFG Advisors LP boosted its stake in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares during the period. Finally, Sun Life Financial INC boosted its stake in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares during the period. Institutional investors own 90.89% of the company’s stock.

Several research analysts have commented on the company. Mizuho restated a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. BMO Capital Markets set a $200.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Citigroup cut their target price on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Williams Capital cut their target price on Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, October 18th. Finally, KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $194.20.

Shares of Pioneer Natural Resources (NYSE PXD) traded up $2.43 on Thursday, hitting $153.09. The stock had a trading volume of 531,887 shares, compared to its average volume of 1,846,539. The company has a market cap of $26,181.63, a P/E ratio of 107.59, a PEG ratio of 9.83 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. equities research analysts expect that Pioneer Natural Resources will post 1.53 EPS for the current year.

In related news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total transaction of $279,414.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the transaction, the chief executive officer now directly owns 260,083 shares in the company, valued at $41,784,934.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,072 shares of company stock valued at $3,644,749. Corporate insiders own 0.89% of the company’s stock.

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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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