Profund Advisors LLC Increases Stake in Pioneer Natural Resources (NYSE:PXD)

Profund Advisors LLC lifted its stake in Pioneer Natural Resources (NYSE:PXD) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,734 shares of the oil and gas development company’s stock after acquiring an additional 508 shares during the period. Profund Advisors LLC’s holdings in Pioneer Natural Resources were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC raised its position in Pioneer Natural Resources by 224.6% during the 1st quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Berman Capital Advisors LLC raised its position in Pioneer Natural Resources by 64.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 87 shares during the last quarter. Avestar Capital LLC raised its position in Pioneer Natural Resources by 15.6% during the 1st quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock worth $55,000 after buying an additional 67 shares during the last quarter. Twin Tree Management LP purchased a new position in Pioneer Natural Resources during the 1st quarter worth approximately $58,000. Finally, Foresters Asset Management Inc. raised its position in Pioneer Natural Resources by 35.7% during the 2nd quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock worth $58,000 after buying an additional 100 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

In related news, Director J Kenneth Thompson purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $121.01 per share, with a total value of $60,505.00. Following the purchase, the director now owns 13,024 shares of the company’s stock, valued at $1,576,034.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on PXD shares. SunTrust Banks reduced their price target on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. TheStreet cut shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Wells Fargo & Co raised their price objective on shares of Pioneer Natural Resources from $182.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $190.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday, August 11th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $193.85.

Pioneer Natural Resources stock traded up $6.97 during trading on Monday, reaching $142.40. The company had a trading volume of 120,479 shares, compared to its average volume of 1,256,164. The firm’s 50-day simple moving average is $126.95 and its 200 day simple moving average is $143.40. Pioneer Natural Resources has a 1-year low of $114.79 and a 1-year high of $189.78. The firm has a market capitalization of $21.79 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 0.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $1.41 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources will post 8.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be paid a $0.44 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.76 dividend on an annualized basis and a yield of 1.24%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 10.14%.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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