Tokio Marine Asset Management Co. Ltd. grew its position in Pioneer Natural Resources (NYSE:PXD) by 11.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,226 shares of the oil and gas development company’s stock after purchasing an additional 769 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Pioneer Natural Resources were worth $1,259,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Jacobs & Co. CA raised its position in shares of Pioneer Natural Resources by 9.8% in the 3rd quarter. Jacobs & Co. CA now owns 17,537 shares of the oil and gas development company’s stock valued at $3,054,000 after buying an additional 1,560 shares in the last quarter. Tower Bridge Advisors raised its position in shares of Pioneer Natural Resources by 37.4% in the 3rd quarter. Tower Bridge Advisors now owns 37,895 shares of the oil and gas development company’s stock valued at $6,601,000 after buying an additional 10,322 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at approximately $1,811,000. Whittier Trust Co. raised its position in shares of Pioneer Natural Resources by 54,125.0% in the 3rd quarter. Whittier Trust Co. now owns 43,380 shares of the oil and gas development company’s stock valued at $7,556,000 after buying an additional 43,300 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Pioneer Natural Resources by 3.5% in the 3rd quarter. Leavell Investment Management Inc. now owns 20,858 shares of the oil and gas development company’s stock valued at $3,637,000 after buying an additional 700 shares in the last quarter. Institutional investors own 88.86% of the company’s stock.

PXD traded down $4.04 during trading on Tuesday, reaching $158.98. 1,796,131 shares of the company’s stock were exchanged, compared to its average volume of 1,490,314. Pioneer Natural Resources has a one year low of $140.31 and a one year high of $213.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 73.60, a PEG ratio of 1.78 and a beta of 0.95.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.08). Pioneer Natural Resources had a return on equity of 7.29% and a net margin of 12.23%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.27 billion. As a group, equities research analysts predict that Pioneer Natural Resources will post 6.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.40%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, September 27th. Pioneer Natural Resources’s payout ratio is presently 14.81%.

Several brokerages have recently commented on PXD. Imperial Capital dropped their target price on shares of Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Williams Capital restated a “hold” rating and issued a $225.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a research report on Tuesday. TheStreet cut shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, August 7th. Finally, Oppenheimer started coverage on shares of Pioneer Natural Resources in a research report on Wednesday, October 3rd. They issued a “market perform” rating for the company. Four research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus price target of $234.19.

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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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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