Gabelli Funds LLC Has $8.27 Million Position in Pioneer Natural Resources (PXD)
Gabelli Funds LLC cut its stake in Pioneer Natural Resources (NYSE:PXD) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,700 shares of the oil and gas development company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC’s holdings in Pioneer Natural Resources were worth $8,270,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Atria Investments LLC boosted its holdings in Pioneer Natural Resources by 23.5% in the second quarter. Atria Investments LLC now owns 3,385 shares of the oil and gas development company’s stock valued at $641,000 after acquiring an additional 644 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Pioneer Natural Resources by 5.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 23,640 shares of the oil and gas development company’s stock valued at $4,061,000 after acquiring an additional 1,271 shares during the last quarter. XR Securities LLC bought a new stake in Pioneer Natural Resources in the second quarter valued at approximately $1,036,000. Mobius Capital Management LLC bought a new stake in Pioneer Natural Resources in the first quarter valued at approximately $10,152,000. Finally, Baldwin Brothers Inc. MA boosted its holdings in Pioneer Natural Resources by 6.9% in the second quarter. Baldwin Brothers Inc. MA now owns 28,050 shares of the oil and gas development company’s stock valued at $5,308,000 after acquiring an additional 1,820 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.
Shares of NYSE:PXD opened at $171.10 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a twelve month low of $127.26 and a twelve month high of $213.40. The company has a market cap of $29.77 billion, a PE ratio of 79.21, a PEG ratio of 1.87 and a beta of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.37%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, September 27th. Pioneer Natural Resources’s dividend payout ratio is presently 14.81%.
Several brokerages recently commented on PXD. Williams Capital reiterated a “hold” rating and issued a $226.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, July 31st. Mizuho assumed coverage on Pioneer Natural Resources in a report on Monday, July 23rd. They set a “buy” rating and a $259.00 price target on the stock. TheStreet cut Pioneer Natural Resources from a “b-” rating to a “c+” rating in a report on Tuesday, August 7th. TD Securities assumed coverage on Pioneer Natural Resources in a report on Thursday, July 5th. They set a “buy” rating and a $240.00 price target on the stock. Finally, Seaport Global Securities restated a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $232.57.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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