14,844 Shares in Pioneer Natural Resources (PXD) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in Pioneer Natural Resources (NYSE:PXD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,844 shares of the oil and gas development company’s stock, valued at approximately $2,550,000.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Pioneer Natural Resources by 11.4% in the 4th quarter. BlackRock Inc. now owns 13,552,443 shares of the oil and gas development company’s stock worth $2,342,540,000 after purchasing an additional 1,389,479 shares during the period. Clearbridge Investments LLC boosted its stake in Pioneer Natural Resources by 7.3% in the 4th quarter. Clearbridge Investments LLC now owns 2,883,327 shares of the oil and gas development company’s stock worth $498,383,000 after purchasing an additional 195,828 shares during the period. Bank of New York Mellon Corp boosted its stake in Pioneer Natural Resources by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,683,875 shares of the oil and gas development company’s stock worth $463,908,000 after purchasing an additional 329,971 shares during the period. Boston Partners boosted its stake in Pioneer Natural Resources by 12.7% in the 1st quarter. Boston Partners now owns 2,549,700 shares of the oil and gas development company’s stock worth $437,987,000 after purchasing an additional 287,344 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Pioneer Natural Resources by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,675,029 shares of the oil and gas development company’s stock worth $288,880,000 after purchasing an additional 53,675 shares during the period. 89.85% of the stock is owned by institutional investors.

Shares of PXD stock opened at $209.64 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $36.18 billion, a PE ratio of 59.47, a PEG ratio of 2.39 and a beta of 0.94. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.16. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Pioneer Natural Resources had a net margin of 15.56% and a return on equity of 5.57%. Pioneer Natural Resources’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. equities analysts forecast that Pioneer Natural Resources will post 6.74 earnings per share for the current year.

Pioneer Natural Resources announced that its Board of Directors has initiated 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. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

PXD has been the subject of a number of research analyst reports. National Alliance Securities raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. KeyCorp upped their target price on shares of Pioneer Natural Resources from $195.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, April 23rd. Stifel Nicolaus set a $260.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Credit Suisse Group set a $245.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $229.00 target price on shares of Pioneer Natural Resources in a research note on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $218.67.

In other news, Director Scott D. Sheffield sold 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $180.00, for a total value of $360,000.00. Following the sale, the director now directly owns 582,600 shares of the company’s stock, valued at approximately $104,868,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Teresa A. Fairbrook sold 2,134 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $180.00, for a total transaction of $384,120.00. Following the completion of the sale, the vice president now directly owns 10,284 shares in the company, valued at $1,851,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,069 shares of company stock worth $14,814,060. 0.92% of the stock is owned by insiders.

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.

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

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