Rosenbaum Jay D. Raises Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

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Rosenbaum Jay D. increased its position in Pioneer Natural Resources (NYSE:PXD) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,495 shares of the oil and gas development company’s stock after acquiring an additional 185 shares during the period. Rosenbaum Jay D.’s holdings in Pioneer Natural Resources were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Boston Partners grew its position in Pioneer Natural Resources by 28.8% during the 1st quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock worth $547,679,000 after purchasing an additional 804,760 shares during the period. Clearbridge Investments LLC grew its position in Pioneer Natural Resources by 11.7% during the 1st quarter. Clearbridge Investments LLC now owns 3,177,174 shares of the oil and gas development company’s stock worth $483,820,000 after purchasing an additional 334,024 shares during the period. Northern Trust Corp grew its position in Pioneer Natural Resources by 0.8% during the 1st quarter. Northern Trust Corp now owns 2,064,867 shares of the oil and gas development company’s stock worth $314,438,000 after purchasing an additional 15,675 shares during the period. Geode Capital Management LLC grew its position in Pioneer Natural Resources by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,972,086 shares of the oil and gas development company’s stock worth $258,857,000 after purchasing an additional 113,932 shares during the period. Finally, Neuberger Berman Group LLC grew its position in Pioneer Natural Resources by 7.6% during the 1st quarter. Neuberger Berman Group LLC now owns 1,943,992 shares of the oil and gas development company’s stock worth $296,031,000 after purchasing an additional 137,181 shares during the period. Institutional investors own 87.77% of the company’s stock.

Shares of NYSE:PXD traded up $0.58 during trading on Thursday, reaching $123.30. 539,956 shares of the company’s stock traded hands, compared to its average volume of 1,806,822. Pioneer Natural Resources has a fifty-two week low of $114.79 and a fifty-two week high of $189.78. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 0.70 and a beta of 1.08. The stock has a 50-day simple moving average of $138.09.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.13. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $1.41 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, research analysts predict that Pioneer Natural Resources will post 8.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.43%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, September 26th. Pioneer Natural Resources’s payout ratio is presently 10.14%.

Several equities research analysts have weighed in on PXD shares. TD Securities cut their price target on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. KeyCorp increased their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Morgan Stanley cut their price target on Pioneer Natural Resources from $180.00 to $176.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $190.00 price target on shares of Pioneer Natural Resources in a research report on Sunday. Finally, S&P Equity Research reaffirmed an “overweight” rating and set a $205.00 price target (up from $185.00) on shares of Pioneer Natural Resources in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $196.01.

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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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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