Cim Investment Mangement Inc. Sells 83 Shares of Pioneer Natural Resources Company (PXD)
Cim Investment Mangement Inc. cut its position in Pioneer Natural Resources Company (NYSE:PXD) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,067 shares of the oil and gas development company’s stock after selling 83 shares during the period. Cim Investment Mangement Inc.’s holdings in Pioneer Natural Resources were worth $809,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. 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 worth $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. Boston Partners bought a new stake in Pioneer Natural Resources during the first quarter worth approximately $274,976,000. FMR LLC boosted its stake in Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock worth $1,568,894,000 after buying an additional 1,304,274 shares in the last quarter. Swedbank bought a new stake in Pioneer Natural Resources during the first quarter worth approximately $172,313,000. Finally, Clearbridge Investments LLC boosted its stake in Pioneer Natural Resources by 68,788.6% in the first quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock worth $166,779,000 after buying an additional 894,252 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.
Pioneer Natural Resources Company (NYSE:PXD) traded up 0.176% on Wednesday, hitting $128.185. The stock had a trading volume of 362,600 shares. Pioneer Natural Resources Company has a 52-week low of $126.50 and a 52-week high of $199.83. The company has a 50 day moving average price of $147.17 and a 200-day moving average price of $169.06. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 129.349 and a beta of 0.91.
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 Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company earned ($0.22) EPS. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.10 earnings per share for the current year.
The firm 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. This represents a $0.16 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is presently 8.16%.
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A number of equities research analysts have recently commented on PXD shares. Williams Capital set a $200.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Thursday, May 4th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Piper Jaffray Companies reissued an “overweight” rating and issued a $246.00 target price (up from $225.00) on shares of Pioneer Natural Resources in a research note on Thursday, May 11th. BidaskClub cut Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $204.40.
In other Pioneer Natural Resources news, Director Andrew F. Cates acquired 350 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson acquired 750 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the acquisition, the director now directly owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Insiders acquired a total of 1,200 shares of company stock worth $161,102 in the last ninety days. 0.89% of the stock is owned by corporate insiders.
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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