Pioneer Natural Resources Company (PXD) Holdings Raised by Swiss National Bank
Swiss National Bank lifted its stake in Pioneer Natural Resources Company (NYSE:PXD) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 626,452 shares of the oil and gas development company’s stock after purchasing an additional 6,300 shares during the period. Swiss National Bank owned about 368,284.54% of Pioneer Natural Resources worth $92,427,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in PXD. GWM Advisors LLC acquired a new position in Pioneer Natural Resources in the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia raised its holdings in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in Pioneer Natural Resources in the 2nd quarter valued at $120,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Pioneer Natural Resources during the 1st quarter worth $172,000. Finally, WFG Advisors LP increased its holdings in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares in the last quarter. 91.91% of the stock is owned by institutional investors.
In related news, Director J Kenneth Thompson purchased 750 shares of Pioneer Natural Resources stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.
A number of research analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Jefferies Group LLC set a $171.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus set a $248.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank Of Canada set a $201.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $194.07.
Pioneer Natural Resources Company (PXD) opened at $158.93 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $27,420.44, a price-to-earnings ratio of 112.68, a price-to-earnings-growth ratio of 11.26 and a beta of 0.96. Pioneer Natural Resources Company has a twelve month low of $125.46 and a twelve month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. equities analysts forecast that Pioneer Natural Resources Company will post 1.4 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. Pioneer Natural Resources’s payout ratio is presently 11.11%.
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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