Fisher Asset Management LLC reduced its position in shares of Pioneer Natural Resources (NYSE:PXD) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,436 shares of the oil and gas development company’s stock after selling 3,669 shares during the quarter. Fisher Asset Management LLC owned 0.11% of Pioneer Natural Resources worth $28,685,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PXD. Ontario Teachers Pension Plan Board bought a new position in Pioneer Natural Resources in the 1st quarter valued at approximately $1,355,000. Hodges Capital Management Inc. bought a new stake in shares of Pioneer Natural Resources in the 1st quarter valued at $206,000. Empire Life Investments Inc. grew its position in Pioneer Natural Resources by 11.5% in the 1st quarter. Empire Life Investments Inc. now owns 104,251 shares of the oil and gas development company’s stock valued at $15,875,000 after purchasing an additional 10,722 shares during the period. S&CO Inc. grew its position in Pioneer Natural Resources by 4.7% in the 1st quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock valued at $19,007,000 after purchasing an additional 5,580 shares during the period. Finally, Winfield Associates Inc. acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at $287,000. 85.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. S&P Equity Research reaffirmed an “overweight” rating and set a $205.00 price objective (up from $185.00) on shares of Pioneer Natural Resources in a report on Wednesday, May 8th. Imperial Capital cut their price objective on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada reiterated a “buy” rating and set a $190.00 target price on shares of Pioneer Natural Resources in a research note on Sunday, August 11th. TheStreet cut Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Finally, TD Securities lowered their price objective on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $193.85.Shares of PXD stock opened at $120.65 on Monday. The business’s 50 day moving average is $133.55 and its two-hundred day moving average is $144.99. Pioneer Natural Resources has a 12-month low of $114.79 and a 12-month high of $189.78. The company has a market capitalization of $21.07 billion, a P/E ratio of 19.12, a P/E/G ratio of 0.70 and a beta of 1.08. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. 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 prior year, the firm earned $1.41 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. On average, research analysts predict that Pioneer Natural Resources will post 8.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio is presently 10.14%.
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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