Ingalls & Snyder LLC lessened its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 1.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,025,245 shares of the oil and gas development company’s stock after selling 15,431 shares during the period. Pioneer Natural Resources accounts for approximately 7.9% of Ingalls & Snyder LLC’s portfolio, making the stock its largest holding. Ingalls & Snyder LLC owned approximately 0.60% of Pioneer Natural Resources worth $151,265,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Independence Advisors LLC purchased a new stake in Pioneer Natural Resources during the second quarter valued at about $822,000. Murphy Capital Management Inc. raised its position in Pioneer Natural Resources by 4.5% during the second 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 purchasing an additional 4,980 shares in the last quarter. Summit Global Investments raised its position in Pioneer Natural Resources by 83.4% during 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 in the last quarter. BlackRock Inc. raised its position in Pioneer Natural Resources by 2,397.3% during the first 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 purchasing an additional 10,921,279 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Pioneer Natural Resources during the first quarter valued at about $260,000. Institutional investors own 91.46% of the company’s stock.
A number of research firms have weighed in on PXD. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. KeyCorp set a $180.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday. Royal Bank Of Canada restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Capital One Financial Corporation restated an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $194.08.
In other news, Director Andrew F. Cates bought 350 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Kenneth Thompson bought 750 shares of the stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $133.40 per share, with a total value of $100,050.00. Following the completion of the purchase, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by insiders.
Shares of Pioneer Natural Resources Company (NYSE:PXD) traded up 1.24% during mid-day trading on Friday, hitting $144.75. The stock had a trading volume of 2,176,755 shares. The company’s 50 day moving average is $142.42 and its 200-day moving average is $156.16. The stock has a market cap of $24.62 billion, a P/E ratio of 146.06 and a beta of 0.94. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion for 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 company’s quarterly revenue was up 107.4% on a year-over-year basis. During the same period last year, the firm earned ($0.22) earnings per share. On average, equities research analysts anticipate that Pioneer Natural Resources Company will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 8.16%.
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.