Victory Capital Management Inc. Has $3.42 Million Stake in Pioneer Natural Resources Company (PXD)
Victory Capital Management Inc. lifted its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 690.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,175 shares of the oil and gas development company’s stock after purchasing an additional 20,244 shares during the quarter. Victory Capital Management Inc.’s holdings in Pioneer Natural Resources were worth $3,419,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. GWM Advisors LLC acquired a new position in Pioneer Natural Resources in the 2nd quarter valued at $100,000. Commonwealth Bank of Australia lifted its stake in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the second quarter worth $120,000. WFG Advisors LP lifted its position in shares of Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of Pioneer Natural Resources by 112.3% in the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock worth $187,000 after purchasing an additional 620 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.
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Shares of Pioneer Natural Resources Company (PXD) opened at $151.04 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83. The stock has a market cap of $25,781.74, a price-to-earnings ratio of 105.95, a P/E/G ratio of 10.47 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.13 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. equities analysts forecast that Pioneer Natural Resources Company will post 1.42 earnings per share for the current year.
A number of analysts have recently commented on the stock. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Wednesday, October 11th. Jefferies Group LLC set a $171.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Barclays PLC upped their price objective on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, Cowen and Company reiterated a “buy” rating and issued a $210.00 price objective on shares of Pioneer Natural Resources in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $194.07.
In other Pioneer Natural Resources news, Chairman Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $161.14, for a total value of $805,700.00. Following the completion of the sale, the chairman now owns 585,466 shares in the company, valued at $94,341,991.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 have sold a total of 18,490 shares of company stock valued at $2,926,897 in the last ninety days. Insiders own 0.89% of the company’s stock.
Pioneer Natural Resources Company 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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