Pioneer Natural Resources (PXD) Shares Bought by Norinchukin Bank The

Norinchukin Bank The increased its position in Pioneer Natural Resources (NYSE:PXD) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,604 shares of the oil and gas development company’s stock after acquiring an additional 944 shares during the period. Norinchukin Bank The’s holdings in Pioneer Natural Resources were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its stake in shares of Pioneer Natural Resources by 1.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after buying an additional 4,040 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Pioneer Natural Resources by 2,357.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock valued at $109,145,000 after buying an additional 709,663 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Pioneer Natural Resources by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock valued at $83,526,000 after buying an additional 26,050 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Pioneer Natural Resources by 25.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock valued at $25,362,000 after buying an additional 34,342 shares during the last quarter. Finally, Timber Creek Capital Management LLC purchased a new position in shares of Pioneer Natural Resources during the 4th quarter valued at about $1,519,000. Institutional investors own 89.92% of the company’s stock.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $174.73 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $196.00. The stock has a market capitalization of $30,356.12, a PE ratio of 82.52, a P/E/G ratio of 2.90 and a beta of 0.92.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $0.49 EPS. Pioneer Natural Resources’s revenue was up 48.4% compared to the same quarter last year. equities research analysts anticipate that Pioneer Natural Resources will post 5.69 earnings per share for the current year.

Pioneer Natural Resources announced that its board has initiated a stock buyback program 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.16 dividend. 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 of this dividend is Wednesday, March 28th. Pioneer Natural Resources’s payout ratio is presently 1.65%.

In related news, EVP Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $154.47, for a total value of $308,940.00. Following the sale, the executive vice president now directly owns 48,719 shares in the company, valued at approximately $7,525,623.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard P. Dealy sold 5,523 shares of Pioneer Natural Resources stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $164.23, for a total value of $907,042.29. Following the completion of the sale, the chief financial officer now owns 76,297 shares in the company, valued at $12,530,256.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,306 shares of company stock worth $4,506,785. 0.89% of the stock is currently owned by insiders.

A number of research firms have weighed in on PXD. Piper Jaffray Companies set a $226.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, February 9th. TheStreet upgraded Pioneer Natural Resources from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. Jefferies Group reiterated a “buy” rating and set a $238.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, February 8th. National Alliance Securities upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $280.00 price objective (up previously from $260.00) on shares of Pioneer Natural Resources in a research note on Wednesday, February 14th. 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 currently has an average rating of “Buy” and an average price target of $210.30.

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About Pioneer Natural Resources

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.

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

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