Verity Asset Management Inc. purchased a new position in shares of Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,725 shares of the oil and gas development company’s stock, valued at approximately $594,000.
Other large investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its position in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the period. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the second quarter worth about $120,000. Morgan Dempsey Capital Management LLC increased its position in Pioneer Natural Resources by 3.4% during the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after acquiring an additional 26 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Pioneer Natural Resources during the first quarter worth about $172,000. Finally, Almanack Investment Partners LLC. bought a new position in Pioneer Natural Resources during the first quarter worth about $195,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts recently commented on PXD shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $236.00 price target on shares of Pioneer Natural Resources in a research report on Friday, June 2nd. BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada set a $233.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Pioneer Natural Resources in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $204.40.
In other Pioneer Natural Resources news, Director Andrew F. Cates purchased 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director J Kenneth Thompson purchased 750 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders have acquired 1,200 shares of company stock worth $161,102 over the last quarter. Company insiders own 0.89% of the company’s stock.
Pioneer Natural Resources Company (NYSE:PXD) remained flat at $136.93 during midday trading on Friday. The company had a trading volume of 2,246,884 shares. The company’s 50 day moving average price is $134.84 and its 200 day moving average price is $163.19. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The firm has a market capitalization of $23.29 billion, a P/E ratio of 138.17 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.22) earnings per share. The business’s quarterly revenue was up 107.4% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources Company will post $1.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s payout ratio is currently 8.16%.
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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