Pioneer Natural Resources Company (PXD) Shares Sold by Advisor Group Inc.
Advisor Group Inc. trimmed its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 36.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,052 shares of the oil and gas development company’s stock after selling 3,470 shares during the quarter. Advisor Group Inc.’s holdings in Pioneer Natural Resources were worth $900,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Independence Advisors LLC bought a new stake in Pioneer Natural Resources in the second quarter worth about $822,000. Murphy Capital Management Inc. grew its position in shares of Pioneer Natural Resources by 4.5% during the 2nd quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock valued at $18,364,000 after acquiring an additional 4,980 shares during the period. Summit Global Investments grew its position in shares of Pioneer Natural Resources by 83.4% during the 2nd quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after acquiring an additional 4,173 shares during the period. BlackRock Inc. grew its position in shares of Pioneer Natural Resources by 2,397.3% during the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after acquiring an additional 10,921,279 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in shares of Pioneer Natural Resources during the 1st quarter valued at approximately $260,000. 91.57% of the stock is owned by institutional investors.
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In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew F. Cates bought 350 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders purchased 1,200 shares of company stock valued at $161,102 in the last quarter. 0.89% of the stock is owned by company insiders.
A number of analysts have issued reports on the company. Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. cut their price target on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $268.00 price objective on shares of Pioneer Natural Resources in a report on Friday, July 14th. One 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. The company presently has a consensus rating of “Buy” and an average price target of $201.35.
Shares of Pioneer Natural Resources Company (PXD) opened at 147.54 on Monday. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83. The company has a market capitalization of $25.10 billion, a price-to-earnings ratio of 148.88 and a beta of 0.94. The company’s 50 day moving average price is $133.40 and its 200 day moving average price is $162.00.
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 the Zacks’ consensus estimate 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 107.4% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources Company will post $1.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. Pioneer Natural Resources’s payout ratio is 8.16%.
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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