Unigestion Holding SA cut its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 98.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,160 shares of the oil and gas development company’s stock after selling 153,511 shares during the quarter. Unigestion Holding SA’s holdings in Pioneer Natural Resources were worth $272,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Fulton Bank N.A. bought a new stake in shares of Pioneer Natural Resources in the second quarter worth about $282,000. Winfield Associates Inc. bought a new stake in shares of Pioneer Natural Resources in the second quarter worth about $287,000. Beese Fulmer Investment Management Inc. increased its holdings in shares of Pioneer Natural Resources by 1.2% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,920 shares of the oil and gas development company’s stock worth $1,065,000 after purchasing an additional 80 shares during the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Pioneer Natural Resources by 264.8% in the second quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock worth $60,000 after purchasing an additional 286 shares during the last quarter. Finally, Cobiz Wealth LLC increased its holdings in shares of Pioneer Natural Resources by 0.5% in the second quarter. Cobiz Wealth LLC now owns 31,506 shares of the oil and gas development company’s stock worth $4,848,000 after purchasing an additional 163 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,619 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $140.35, for a total transaction of $788,626.65. Following the completion of the transaction, the executive vice president now owns 39,027 shares in the company, valued at $5,477,439.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Kenneth Thompson bought 500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of $121.01 per share, with a total value of $60,505.00. Following the transaction, the director now directly owns 13,024 shares of the company’s stock, valued at $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is owned by insiders.
PXD has been the topic of several research reports. TD Securities lifted their target price on Pioneer Natural Resources from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Raymond James reduced their target price on Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 17th. Morgan Stanley reduced their target price on Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. Robert W. Baird lifted their target price on Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $190.00 target price on shares of Pioneer Natural Resources in a report on Sunday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $186.97.
NYSE PXD traded down $1.58 during trading hours on Friday, hitting $134.99. 1,085,631 shares of the company were exchanged, compared to its average volume of 1,767,316. The stock has a 50-day moving average price of $128.54 and a 200 day moving average price of $138.37. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $178.22. The stock has a market cap of $22.71 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pioneer Natural Resources will post 8.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 13.95%.
About Pioneer Natural Resources
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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