Anchor Capital Advisors LLC Invests $15.56 Million in Pioneer Natural Resources (PXD)

Anchor Capital Advisors LLC acquired a new position in Pioneer Natural Resources (NYSE:PXD) in the 4th quarter, HoldingsChannel reports. The firm acquired 90,024 shares of the oil and gas development company’s stock, valued at approximately $15,561,000.

Other large investors also recently bought and sold shares of the company. Boston Partners increased its stake in Pioneer Natural Resources by 51.2% in the 4th quarter. Boston Partners now owns 2,262,356 shares of the oil and gas development company’s stock worth $391,048,000 after buying an additional 766,124 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Pioneer Natural Resources by 2,357.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after buying an additional 709,663 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter worth $75,317,000. Swedbank increased its stake in Pioneer Natural Resources by 31.4% in the 3rd quarter. Swedbank now owns 1,797,382 shares of the oil and gas development company’s stock worth $265,186,000 after buying an additional 429,705 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Pioneer Natural Resources by 20.2% in the 3rd quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock worth $337,410,000 after buying an additional 384,485 shares in the last quarter. Hedge funds and other institutional investors own 90.97% of the company’s stock.

Pioneer Natural Resources (NYSE:PXD) opened at $165.05 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.58. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a market cap of $27,870.00, a PE ratio of 33.68, a P/E/G ratio of 3.50 and a beta of 0.92.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 48.4% compared to the same quarter last year. research analysts expect that Pioneer Natural Resources will post 4.67 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.16 dividend. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 1.63%.

Pioneer Natural Resources announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

PXD has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Pioneer Natural Resources in a research note on Monday, December 11th. They issued an “outperform” rating and a $192.00 price target for the company. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price target for the company in a research note on Tuesday, December 26th. 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 research note on Wednesday, October 18th. KeyCorp set a $180.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $207.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $207.18.

In related news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total value of $279,414.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Sheffield sold 5,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $172.38, for a total transaction of $861,900.00. Following the completion of the transaction, the director now directly owns 576,066 shares of the company’s stock, valued at approximately $99,302,257.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,106 shares of company stock valued at $4,444,339. 0.89% of the stock is owned by insiders.

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

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