Chapter IV Investors LLC grew its stake in Pioneer Natural Resources Company (NYSE:PXD) by 187.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,000 shares of the oil and gas development company’s stock after buying an additional 143,500 shares during the quarter. Pioneer Natural Resources accounts for about 16.7% of Chapter IV Investors LLC’s investment portfolio, making the stock its 2nd biggest holding. Chapter IV Investors LLC owned about 0.13% of Pioneer Natural Resources worth $35,107,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in PXD. IndexIQ Advisors LLC boosted its holdings in shares of Pioneer Natural Resources by 169.9% in the first quarter. IndexIQ Advisors LLC now owns 2,480 shares of the oil and gas development company’s stock valued at $462,000 after buying an additional 1,561 shares during the period. Advisors Asset Management Inc. boosted its holdings in Pioneer Natural Resources by 15.3% during the first quarter. Advisors Asset Management Inc. now owns 35,372 shares of the oil and gas development company’s stock worth $6,587,000 after purchasing an additional 4,681 shares during the last quarter. American Century Companies Inc. boosted its holdings in Pioneer Natural Resources by 2.9% during the first quarter. American Century Companies Inc. now owns 2,120,341 shares of the oil and gas development company’s stock worth $394,871,000 after purchasing an additional 60,603 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in Pioneer Natural Resources by 52.6% during the first quarter. Moody Lynn & Lieberson LLC now owns 21,666 shares of the oil and gas development company’s stock worth $4,035,000 after purchasing an additional 7,466 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Pioneer Natural Resources by 21.3% during the first quarter. Daiwa Securities Group Inc. now owns 29,230 shares of the oil and gas development company’s stock worth $5,443,000 after purchasing an additional 5,140 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.
Several equities analysts have recently weighed in on PXD shares. BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Credit Suisse Group reissued an “outperform” rating and issued a $236.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Jefferies Group LLC set a $171.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, BMO Capital Markets lowered their price target on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and an average price target of $204.40.
In other news, Director J Kenneth Thompson acquired 750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares in the company, valued at $1,449,391. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by corporate insiders.
Pioneer Natural Resources Company (NYSE:PXD) remained flat at $136.93 during mid-day trading on Friday. 2,246,884 shares of the company’s stock were exchanged. The firm has a market cap of $23.29 billion, a PE ratio of 138.17 and a beta of 0.94. The company’s 50-day moving average is $134.84 and its 200-day moving average is $163.19. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.22) earnings per share. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 8.16%.
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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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