Pioneer Natural Resources (PXD) Position Lifted by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. boosted its holdings in Pioneer Natural Resources (NYSE:PXD) by 25.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,902 shares of the oil and gas development company’s stock after acquiring an additional 34,342 shares during the period. Alyeska Investment Group L.P. owned 0.10% of Pioneer Natural Resources worth $25,362,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its position in Pioneer Natural Resources by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after purchasing an additional 4,040 shares during the period. Summit Global Investments raised its position in Pioneer Natural Resources by 83.4% in the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after purchasing an additional 4,173 shares during the period. State of Tennessee Treasury Department raised its position in Pioneer Natural Resources by 66.4% in the second quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock valued at $30,504,000 after purchasing an additional 76,268 shares during the period. First Washington CORP raised its position in Pioneer Natural Resources by 34.0% in the second quarter. First Washington CORP now owns 16,385 shares of the oil and gas development company’s stock valued at $2,615,000 after purchasing an additional 4,160 shares during the period. Finally, Clinton Group Inc. purchased a new stake in Pioneer Natural Resources in the second quarter valued at approximately $642,000. Hedge funds and other institutional investors own 90.89% of the company’s stock.
Pioneer Natural Resources (NYSE PXD) traded up $1.65 during trading hours on Friday, reaching $155.90. The company had a trading volume of 1,136,653 shares, compared to its average volume of 1,181,394. The stock has a market capitalization of $26,528.72, a price-to-earnings ratio of 109.02, a PEG ratio of 9.96 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 23.1% compared to the same quarter last year. equities research analysts anticipate that Pioneer Natural Resources will post 1.53 EPS for the current fiscal year.
In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $157.57, for a total value of $512,102.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders sold 23,072 shares of company stock valued at $3,644,749 in the last 90 days. 0.89% of the stock is currently owned by insiders.
A number of analysts have issued reports on PXD shares. Morgan Stanley cut their target price on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Mizuho reissued a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research report on Wednesday, October 11th. Jefferies Group upped their price objective on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Barclays upped their price objective on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $194.20.
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Pioneer Natural Resources 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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