Barings LLC held its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,744 shares of the oil and gas development company’s stock at the close of the second quarter. Barings LLC’s holdings in Pioneer Natural Resources were worth $883,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Bank of Australia increased its holdings in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the period. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth approximately $120,000. Oppenheimer Asset Management Inc. bought a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $172,000. Almanack Investment Partners LLC. bought a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $195,000. Finally, Grove Bank & Trust increased its holdings in shares of Pioneer Natural Resources by 112.3% during 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 during the period. 91.57% of the stock is currently owned by institutional investors.
Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s revenue was up 107.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.22) EPS.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.04 dividend. 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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PXD has been the topic of several recent research reports. BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada set a $233.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Pioneer Natural Resources in a report on Friday, July 7th. Finally, BMO Capital Markets lowered their target price on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $200.16.
In other news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction 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 transaction, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew F. Cates purchased 350 shares of the firm’s stock in a transaction dated 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 acquisition, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 in the last three months. Insiders own 0.89% of the company’s stock.
About Pioneer Natural Resources
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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