Westwood Holdings Group Inc. Increases Position in Pioneer Natural Resources Company (PXD)
Westwood Holdings Group Inc. increased its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 45.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,930 shares of the oil and gas development company’s stock after purchasing an additional 920 shares during the period. Westwood Holdings Group Inc.’s holdings in Pioneer Natural Resources were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Independence Advisors LLC purchased a new stake in Pioneer Natural Resources during the 2nd quarter worth $822,000. Murphy Capital Management Inc. boosted its position in 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 worth $18,364,000 after purchasing an additional 4,980 shares during the period. Summit Global Investments boosted its position in 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 worth $1,465,000 after purchasing an additional 4,173 shares during the period. BlackRock Inc. boosted its position in 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 worth $2,118,708,000 after purchasing an additional 10,921,279 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in Pioneer Natural Resources during the 1st quarter worth $260,000. 91.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Pioneer Natural Resources Company (NYSE PXD) traded up 0.43% during midday trading on Tuesday, hitting $144.31. 85,110 shares of the company were exchanged. The stock has a market cap of $24.55 billion, a PE ratio of 145.62 and a beta of 0.94. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The stock’s 50-day moving average is $140.52 and its 200-day moving average is $157.21.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS. Equities research analysts anticipate that Pioneer Natural Resources Company will post $1.15 EPS for the current year.
The firm also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 8.16%.
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A number of analysts recently weighed in on PXD shares. Williams Capital set a $184.00 price target on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company cut shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays PLC set a $136.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, BidaskClub raised shares of Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $195.74.
In other Pioneer Natural Resources news, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders have bought a total of 1,200 shares of company stock valued at $161,102 over the last ninety days. 0.89% of the stock is owned by insiders.
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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