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Advanced Asset Management Advisors Inc Acquires 991 Shares of Pioneer Natural Resources (NYSE:PXD)

By August 16, 2019 No Comments

Advanced Asset Management Advisors Inc boosted its holdings in Pioneer Natural Resources (NYSE:PXD) by 12.4% in the second quarter, Holdings Channel reports. The firm owned 9,000 shares of the oil and gas development company’s stock after purchasing an additional 991 shares during the quarter. Advanced Asset Management Advisors Inc’s holdings in Pioneer Natural Resources were worth $1,385,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Motco grew its position in Pioneer Natural Resources by 2,542.9% in the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock valued at $28,000 after purchasing an additional 178 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Pioneer Natural Resources by 224.6% in the 1st quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock valued at $30,000 after acquiring an additional 137 shares during the period. Berman Capital Advisors LLC grew its position in shares of Pioneer Natural Resources by 64.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares during the period. Twin Tree Management LP bought a new position in shares of Pioneer Natural Resources in the 1st quarter valued at about $58,000. Finally, Carroll Financial Associates Inc. grew its position in shares of Pioneer Natural Resources by 264.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock valued at $60,000 after acquiring an additional 286 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

NYSE PXD opened at $123.01 on Friday. The firm has a 50-day moving average of $137.51 and a 200-day moving average of $145.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market cap of $21.19 billion, a PE ratio of 19.49, a P/E/G ratio of 0.70 and a beta of 1.08. Pioneer Natural Resources has a 52-week low of $114.79 and a 52-week high of $189.78.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The business’s revenue was down 8.9% on a year-over-year basis. As a group, analysts predict that Pioneer Natural Resources will post 8.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be paid a $0.44 dividend. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.76 annualized dividend and a yield of 1.43%. Pioneer Natural Resources’s payout ratio is 10.14%.

PXD has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Pioneer Natural Resources from $180.00 to $176.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and issued a $190.00 price objective on shares of Pioneer Natural Resources in a research report on Sunday, August 11th. S&P Equity Research reissued an “overweight” rating and issued a $205.00 price objective (up previously from $185.00) on shares of Pioneer Natural Resources in a research report on Wednesday, May 8th. Imperial Capital decreased their price objective on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, KeyCorp lifted their price objective on shares of Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus price target of $196.01.

Pioneer Natural Resources Profile

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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Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources (NYSE:PXD).

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

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