Corient Capital Partners LLC Purchases 1,677 Shares of Pioneer Natural Resources (PXD)
Corient Capital Partners LLC boosted its position in Pioneer Natural Resources (NYSE:PXD) by 34.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,533 shares of the oil and gas development company’s stock after buying an additional 1,677 shares during the quarter. Corient Capital Partners LLC’s holdings in Pioneer Natural Resources were worth $1,129,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Lombard Odier Asset Management USA Corp raised its position in Pioneer Natural Resources by 16.5% in the 4th quarter. Lombard Odier Asset Management USA Corp now owns 136,053 shares of the oil and gas development company’s stock valued at $23,517,000 after buying an additional 19,223 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Pioneer Natural Resources in the 4th quarter valued at approximately $230,000. Geode Capital Management LLC raised its position in Pioneer Natural Resources by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,675,029 shares of the oil and gas development company’s stock valued at $288,880,000 after buying an additional 53,675 shares during the last quarter. Amalgamated Bank raised its position in Pioneer Natural Resources by 10.4% in the 4th quarter. Amalgamated Bank now owns 20,013 shares of the oil and gas development company’s stock valued at $3,459,000 after buying an additional 1,884 shares during the last quarter. Finally, Stansberry Asset Management LLC acquired a new stake in Pioneer Natural Resources in the 4th quarter valued at approximately $2,145,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.
Pioneer Natural Resources (NYSE:PXD) opened at $168.89 on Monday. The firm has a market capitalization of $28,762.10, a price-to-earnings ratio of 78.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $196.00.
Pioneer Natural Resources declared that its board has approved a share repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a yield of 0.18%. Pioneer Natural Resources’s payout ratio is currently 1.65%.
In other news, CAO Margaret Montemayor sold 1,410 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $179.33, for a total transaction of $252,855.30. Following the completion of the transaction, the chief accounting officer now owns 7,586 shares of the company’s stock, valued at approximately $1,360,397.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy L. Dove sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $159.51, for a total value of $159,510.00. Following the transaction, the chief executive officer now directly owns 259,083 shares of the company’s stock, valued at approximately $41,326,329.33. The disclosure for this sale can be found here. Insiders sold a total of 29,418 shares of company stock valued at $4,993,105 over the last ninety days. Insiders own 0.89% of the company’s stock.
PXD has been the topic of a number of recent research reports. TheStreet raised Pioneer Natural Resources from a “c” rating to a “b” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Friday, December 15th. Seaport Global Securities raised Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. KeyCorp set a $180.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, November 25th. Finally, Mizuho set a $190.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $211.26.
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Pioneer Natural Resources Company 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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