Value Holdings Management CO. LLC purchased a new position in Pioneer Natural Resources (NYSE:PXD) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,000 shares of the oil and gas development company’s stock, valued at approximately $1,363,000. Pioneer Natural Resources accounts for 0.5% of Value Holdings Management CO. LLC’s portfolio, making the stock its 25th largest holding.
Several other large investors also recently modified their holdings of PXD. Voloridge Investment Management LLC acquired a new stake in Pioneer Natural Resources during the third quarter valued at approximately $7,353,000. Private Trust Co. NA bought a new stake in shares of Pioneer Natural Resources during the 4th quarter worth $389,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of Pioneer Natural Resources by 84.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 11,687 shares of the oil and gas development company’s stock worth $1,470,000 after buying an additional 5,347 shares during the period. National Pension Service boosted its holdings in shares of Pioneer Natural Resources by 5.2% during the 3rd quarter. National Pension Service now owns 205,254 shares of the oil and gas development company’s stock worth $25,815,000 after buying an additional 10,108 shares during the period. Finally, Reinhart Partners Inc. bought a new stake in shares of Pioneer Natural Resources during the 3rd quarter worth $24,509,000. 81.83% of the stock is owned by institutional investors.
PXD has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective (up from $173.00) on shares of Pioneer Natural Resources in a report on Wednesday, November 13th. Royal Bank of Canada increased their price target on shares of Pioneer Natural Resources from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Imperial Capital increased their price target on shares of Pioneer Natural Resources from $152.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Argus began coverage on shares of Pioneer Natural Resources in a report on Tuesday, January 28th. They issued a “buy” rating and a $165.00 price target for the company. Finally, Wells Fargo & Co reduced their price target on shares of Pioneer Natural Resources from $197.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average target price of $176.96.
Shares of NYSE:PXD traded down $4.15 during midday trading on Wednesday, reaching $125.94. 1,372,808 shares of the company’s stock were exchanged, compared to its average volume of 1,454,893. The company’s 50 day simple moving average is $142.38 and its two-hundred day simple moving average is $134.66. The firm has a market capitalization of $22.52 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 0.88.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, February 19th. The oil and gas development company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.24. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. Pioneer Natural Resources had a net margin of 8.13% and a return on equity of 11.46%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. On average, research analysts anticipate that Pioneer Natural Resources will post 9.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, March 30th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 21.52%.
In related news, EVP Mark H. Kleinman sold 1,750 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $147.49, for a total transaction of $258,107.50. Following the completion of the sale, the executive vice president now owns 21,283 shares in the company, valued at approximately $3,139,029.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher M. Paulsen sold 1,623 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $144.31, for a total transaction of $234,215.13. Following the sale, the vice president now owns 9,848 shares of the company’s stock, valued at approximately $1,421,164.88. The disclosure for this sale can be found here. Insiders have sold a total of 8,323 shares of company stock valued at $1,173,258 over the last ninety days. 0.91% of the stock is owned by insiders.
Pioneer Natural Resources Company Profile
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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