Keybank National Association OH lifted its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 3.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 154,509 shares of the oil and gas development company’s stock after purchasing an additional 4,562 shares during the period. Keybank National Association OH owned 0.09% of Pioneer Natural Resources worth $23,773,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Boston Partners boosted its holdings in Pioneer Natural Resources by 28.8% in the first quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock valued at $547,679,000 after acquiring an additional 804,760 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Pioneer Natural Resources by 11.7% in the first quarter. Clearbridge Investments LLC now owns 3,177,174 shares of the oil and gas development company’s stock valued at $483,820,000 after acquiring an additional 334,024 shares during the last quarter. Northern Trust Corp boosted its holdings in Pioneer Natural Resources by 0.8% in the first quarter. Northern Trust Corp now owns 2,064,867 shares of the oil and gas development company’s stock valued at $314,438,000 after acquiring an additional 15,675 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Pioneer Natural Resources by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,972,086 shares of the oil and gas development company’s stock valued at $258,857,000 after acquiring an additional 113,932 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Pioneer Natural Resources by 7.6% in the first quarter. Neuberger Berman Group LLC now owns 1,943,992 shares of the oil and gas development company’s stock valued at $296,031,000 after acquiring an additional 137,181 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Several equities analysts recently issued reports on PXD shares. TD Securities decreased their price target on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. KeyCorp raised their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. TheStreet cut Pioneer Natural Resources from a “b-” rating to a “c+” rating in a report on Tuesday, July 23rd. S&P Equity Research reissued an “overweight” rating and issued a $205.00 target price (up previously from $185.00) on shares of Pioneer Natural Resources in a research note on Wednesday, May 8th. Finally, Wells Fargo & Co increased their target price on Pioneer Natural Resources from $182.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $196.01.
Shares of NYSE PXD traded down $5.51 during mid-day trading on Wednesday, reaching $122.85. 39,545 shares of the company’s stock were exchanged, compared to its average volume of 1,827,203. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.76. The firm’s fifty day moving average is $138.60. Pioneer Natural Resources has a twelve month low of $114.79 and a twelve month high of $189.78.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.13. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. Pioneer Natural Resources’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. As a group, research analysts predict that Pioneer Natural Resources will post 8.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 10.14%.
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.
Featured Article: When is a capital gain realized?
Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources (NYSE:PXD).
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.