Sigma Planning Corp Acquires Shares of 1,358 Pioneer Natural Resources (PXD)

Sigma Planning Corp acquired a new position in shares of Pioneer Natural Resources (NYSE:PXD) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,358 shares of the oil and gas development company’s stock, valued at approximately $235,000.

A number of other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in Pioneer Natural Resources by 20.2% during the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock worth $337,410,000 after buying an additional 384,485 shares in the last quarter. Boston Partners lifted its position in Pioneer Natural Resources by 51.2% during the fourth quarter. Boston Partners now owns 2,262,356 shares of the oil and gas development company’s stock worth $391,048,000 after buying an additional 766,124 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Pioneer Natural Resources by 1.3% during the third quarter. Ameriprise Financial Inc. now owns 2,031,598 shares of the oil and gas development company’s stock worth $299,386,000 after buying an additional 25,163 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Pioneer Natural Resources by 1.9% during the third quarter. Artisan Partners Limited Partnership now owns 1,844,299 shares of the oil and gas development company’s stock worth $272,108,000 after buying an additional 34,109 shares in the last quarter. Finally, Swedbank lifted its position in Pioneer Natural Resources by 31.4% during the third quarter. Swedbank now owns 1,797,382 shares of the oil and gas development company’s stock worth $265,186,000 after buying an additional 429,705 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

In related news, EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $154.47, for a total transaction of $308,940.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total value of $310,680.00. Following the transaction, the executive vice president now directly owns 22,964 shares of the company’s stock, valued at $3,963,586.40. The disclosure for this sale can be found here. Insiders have sold a total of 27,306 shares of company stock valued at $4,506,785 over the last three months. 0.89% of the stock is currently owned by insiders.

PXD has been the topic of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $207.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. National Alliance Securities raised Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, SunTrust Banks reissued a “buy” rating and set a $180.00 target price on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $210.30.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $178.79 on Friday. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $198.65. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $30,423.80, a price-to-earnings ratio of 82.77, a PEG ratio of 2.91 and a beta of 0.92.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data 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 business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 48.4% on a year-over-year basis. sell-side analysts predict that Pioneer Natural Resources will post 5.69 EPS for the current fiscal year.

Pioneer Natural Resources declared that its board has approved a stock buyback program on Tuesday, February 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company 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 $0.16 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.18%. Pioneer Natural Resources’s payout ratio is presently 1.65%.

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

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