Thrivent Financial For Lutherans Decreases Holdings in Pioneer Natural Resources Company (PXD)

Thrivent Financial For Lutherans reduced its stake in Pioneer Natural Resources Company (NYSE:PXD) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 440,227 shares of the oil and gas development company’s stock after selling 2,274 shares during the period. Thrivent Financial For Lutherans owned 0.26% of Pioneer Natural Resources worth $70,251,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Independence Advisors LLC acquired a new position in Pioneer Natural Resources in the second quarter valued at approximately $822,000. Murphy Capital Management Inc. boosted its stake in Pioneer Natural Resources by 4.5% in the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock valued at $18,364,000 after acquiring an additional 4,980 shares during the period. BlackRock Inc. boosted its stake in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after acquiring an additional 10,921,279 shares during the period. Harbour Capital Advisors LLC acquired a new position in Pioneer Natural Resources in the first quarter valued at approximately $260,000. Finally, State of Tennessee Treasury Department boosted its stake in Pioneer Natural Resources by 66.4% in the second quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock valued at $30,504,000 after acquiring an additional 76,268 shares during the period. Institutional investors own 91.58% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) remained flat at $136.93 on Friday. 2,246,884 shares of the company’s stock traded hands. The stock has a 50-day moving average of $134.84 and a 200 day moving average of $163.19. The company has a market capitalization of $23.29 billion, a P/E ratio of 138.17 and a beta of 0.94. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue was up 107.4% compared to the same quarter last year. On average, analysts forecast that Pioneer Natural Resources Company will post $1.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors 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 annualized dividend and a yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.

In other Pioneer Natural Resources news, Director J Kenneth Thompson acquired 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew F. Cates acquired 350 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders purchased 1,200 shares of company stock worth $161,102 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

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PXD has been the subject of a number of research reports. BidaskClub downgraded Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Credit Suisse Group reaffirmed an “outperform” rating and set a $236.00 price target on shares of Pioneer Natural Resources in a report on Friday, June 2nd. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Jefferies Group LLC set a $171.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets cut their price target on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $204.40.

Pioneer Natural Resources Profile

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

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