Raymond James & Associates boosted its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,263 shares of the oil and gas development company’s stock after purchasing an additional 21,166 shares during the quarter. Raymond James & Associates’ holdings in Pioneer Natural Resources were worth $44,296,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in PXD. Steward Partners Investment Advisory LLC bought a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth approximately $176,000. Savant Capital LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $208,000. Cetera Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $215,000. Guardian Capital Advisors LP bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $215,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
A number of analysts have commented on PXD shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $207.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. National Alliance Securities upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus set a $260.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $211.40.
Shares of Pioneer Natural Resources (PXD) opened at $169.56 on Wednesday. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $192.93. The firm has a market capitalization of $29,153.79, a price-to-earnings ratio of 79.25, a P/E/G ratio of 2.57 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 48.4% on a year-over-year basis. equities analysts anticipate that Pioneer Natural Resources will post 6.16 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.16 per share. This represents a yield of 0.18%. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 1.65%.
Pioneer Natural Resources declared that its Board of Directors has approved a share buyback plan on Tuesday, February 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 2,134 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $180.00, for a total value of $384,120.00. Following the transaction, the vice president now directly owns 10,284 shares in the company, valued at approximately $1,851,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Frank E. Hopkins sold 2,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $160.00, for a total value of $320,000.00. Following the completion of the transaction, the senior vice president now owns 38,101 shares in the company, valued at $6,096,160. The disclosure for this sale can be found here. Insiders have sold a total of 28,218 shares of company stock valued at $4,801,725 over the last ninety days. Insiders own 0.89% of the company’s stock.
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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