Fisher Asset Management LLC cut its stake in Pioneer Natural Resources (NYSE:PXD) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,436 shares of the oil and gas development company’s stock after selling 3,669 shares during the period. Fisher Asset Management LLC owned 0.11% of Pioneer Natural Resources worth $28,685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Pioneer Natural Resources by 24.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,119,088 shares of the oil and gas development company’s stock worth $147,184,000 after buying an additional 217,216 shares during the last quarter. Geode Capital Management LLC grew its holdings in Pioneer Natural Resources by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 1,972,086 shares of the oil and gas development company’s stock valued at $258,857,000 after purchasing an additional 113,932 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Pioneer Natural Resources in the first quarter valued at approximately $2,169,000. First Citizens Bank & Trust Co. boosted its holdings in Pioneer Natural Resources by 7.9% during the first quarter. First Citizens Bank & Trust Co. now owns 6,507 shares of the oil and gas development company’s stock worth $991,000 after purchasing an additional 478 shares during the last quarter. Finally, CAPROCK Group Inc. boosted its holdings in Pioneer Natural Resources by 14.3% during the first quarter. CAPROCK Group Inc. now owns 2,750 shares of the oil and gas development company’s stock worth $420,000 after purchasing an additional 343 shares during the last quarter. 85.80% of the stock is owned by institutional investors.
Pioneer Natural Resources stock opened at $120.65 on Monday. The firm has a 50 day moving average price of $133.55 and a two-hundred day moving average price of $144.99. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 0.70 and a beta of 1.08. 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 has a 52-week low of $114.79 and a 52-week high of $189.78.Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share for the quarter, beating 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 company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the business posted $1.41 EPS. Pioneer Natural Resources’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, equities research analysts predict that Pioneer Natural Resources will post 8.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.76 annualized dividend and a yield of 1.46%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 10.14%.
Several research analysts recently commented on PXD shares. TheStreet cut shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a report on Tuesday, July 23rd. 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. SunTrust Banks dropped their price objective on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. ValuEngine lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Piper Jaffray Companies set a $202.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Friday, August 16th. One equities 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 assigned a strong buy rating to the company’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and an average target price of $193.85.
Pioneer Natural Resources Company 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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