Pin Oak Investment Advisors Inc. bought a new position in shares of Pioneer Natural Resources (NYSE:PXD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 744 shares of the oil and gas development company’s stock, valued at approximately $129,000.
Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. lifted its position in shares of Pioneer Natural Resources by 2,357.7% during the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after acquiring an additional 709,663 shares in the last quarter. Timber Creek Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter worth $1,519,000. Schwab Charles Investment Management Inc. lifted its position in shares of Pioneer Natural Resources by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock worth $83,526,000 after acquiring an additional 26,050 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Pioneer Natural Resources by 25.0% during the third quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock worth $25,362,000 after acquiring an additional 34,342 shares in the last quarter. Finally, Ashburton Jersey Ltd lifted its position in shares of Pioneer Natural Resources by 87.3% during the third quarter. Ashburton Jersey Ltd now owns 17,034 shares of the oil and gas development company’s stock worth $2,513,000 after acquiring an additional 7,940 shares in the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.
In other news, VP Teresa A. Fairbrook sold 2,134 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $180.00, for a total transaction of $384,120.00. Following the transaction, the vice president now directly owns 10,284 shares of the company’s stock, valued at $1,851,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Margaret Montemayor sold 1,410 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $179.33, for a total value of $252,855.30. Following the transaction, the chief accounting officer now directly owns 7,586 shares in the company, valued at $1,360,397.38. The disclosure for this sale can be found here. Insiders have sold 20,007 shares of company stock worth $3,530,333 over the last ninety days. Insiders own 0.89% of the company’s stock.
A number of brokerages recently issued reports on PXD. National Alliance Securities upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Citigroup increased their price objective on Pioneer Natural Resources from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Jefferies Group reiterated a “buy” rating and issued a $235.00 price objective on shares of Pioneer Natural Resources in a research report on Monday, March 19th. Credit Suisse Group began coverage on Pioneer Natural Resources in a research report on Monday, December 11th. They issued an “outperform” rating and a $192.00 price objective on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-six have given a buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $211.33.
Shares of PXD stock opened at $172.47 on Friday. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $192.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.31 and a current ratio of 1.41. The firm has a market capitalization of $29,349.64, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 48.4% compared to the same quarter last year. equities research analysts forecast that Pioneer Natural Resources will post 6.19 EPS for the current fiscal year.
Pioneer Natural Resources declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.16 per share. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 1.65%.
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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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