Point72 Asset Management L.P. boosted its position in Pioneer Natural Resources (NYSE:PXD) by 2,357.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 739,763 shares of the oil and gas development company’s stock after acquiring an additional 709,663 shares during the quarter. Point72 Asset Management L.P. owned 0.43% of Pioneer Natural Resources worth $109,145,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources in the second quarter valued at approximately $100,000. Commonwealth Bank of Australia raised its holdings in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources in the second quarter valued at approximately $120,000. WFG Advisors LP raised its holdings in Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares in the last quarter. Finally, Sun Life Financial INC raised its holdings in Pioneer Natural Resources by 7,229.4% in the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after acquiring an additional 1,229 shares in the last quarter. 90.90% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on PXD. Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, December 4th. KeyCorp set a $180.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Mizuho set a $190.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Barclays raised their price objective on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, SunTrust Banks reissued a “buy” rating and set a $180.00 price objective on shares of Pioneer Natural Resources in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average target price of $194.20.
In other news, EVP Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $154.47, for a total value of $308,940.00. Following the transaction, the executive vice president now directly owns 48,719 shares of the company’s stock, valued at approximately $7,525,623.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark H. Kleinman sold 2,582 shares of Pioneer Natural Resources stock in a transaction on Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the transaction, the senior vice president now directly owns 12,861 shares in the company, valued at $2,036,796.57. The disclosure for this sale can be found here. Insiders sold a total of 22,192 shares of company stock worth $3,529,917 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.
Shares of Pioneer Natural Resources (PXD) traded up $1.65 during trading on Monday, hitting $155.90. 1,165,500 shares of the stock were exchanged, compared to its average volume of 1,841,370. The firm has a market cap of $26,528.77, a PE ratio of 109.02, a price-to-earnings-growth ratio of 9.96 and a beta of 0.97. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. equities analysts expect that Pioneer Natural Resources will post 1.53 EPS for the current year.
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Pioneer Natural Resources Profile
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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