Intrust Bank NA Buys 43 Shares of Pioneer Natural Resources Company (PXD)
Intrust Bank NA increased its position in Pioneer Natural Resources Company (NYSE:PXD) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,683 shares of the oil and gas development company’s stock after buying an additional 43 shares during the period. Intrust Bank NA’s holdings in Pioneer Natural Resources were worth $269,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of 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 acquired a new position in Pioneer Natural Resources during the first quarter valued at about $274,976,000. FMR LLC raised its position 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 valued at $1,568,894,000 after buying an additional 1,304,274 shares in the last quarter. Swedbank acquired a new position in Pioneer Natural Resources during the first quarter valued at about $172,313,000. Finally, Clearbridge Investments LLC raised its position 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 valued at $166,779,000 after buying an additional 894,252 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.
Pioneer Natural Resources Company (NYSE PXD) opened at 127.96 on Wednesday. The company has a 50-day moving average price of $147.17 and a 200-day moving average price of $169.06. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a market cap of $21.77 billion, a PE ratio of 129.12 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping 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 company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned ($0.22) earnings per share. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. On average, analysts expect that Pioneer Natural Resources Company will post $1.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.04 per share. 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 (DPR) is presently 8.16%.
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Several equities analysts have recently issued reports on the company. Jefferies Group LLC set a $171.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday. Imperial Capital assumed coverage on Pioneer Natural Resources in a report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price for the company. Zacks Investment Research raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. reduced their target price on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Finally, Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. 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 company’s stock. The stock has an average rating of “Buy” and a consensus price target of $204.40.
In other news, Director J Kenneth Thompson bought 750 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, with a total value of $100,050.00. Following the completion of the purchase, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew F. Cates bought 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the purchase, 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 have acquired 1,200 shares of company stock worth $161,102 over the last ninety days. 0.89% of the stock is owned by 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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