Pioneer Natural Resources (PXD) Holdings Increased by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC boosted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 0.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 92,799 shares of the oil and gas development company’s stock after purchasing an additional 501 shares during the quarter. Pioneer Natural Resources accounts for about 1.4% of Waters Parkerson & CO. LLC’s holdings, making the stock its 29th biggest position. Waters Parkerson & CO. LLC’s holdings in Pioneer Natural Resources were worth $15,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its stake in Pioneer Natural Resources by 11.4% during the 4th quarter. BlackRock Inc. now owns 13,552,443 shares of the oil and gas development company’s stock valued at $2,342,540,000 after acquiring an additional 1,389,479 shares in the last quarter. Clearbridge Investments LLC grew its stake in Pioneer Natural Resources by 7.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,883,327 shares of the oil and gas development company’s stock valued at $498,383,000 after acquiring an additional 195,828 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Pioneer Natural Resources by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,683,875 shares of the oil and gas development company’s stock valued at $463,908,000 after acquiring an additional 329,971 shares in the last quarter. Boston Partners grew its stake in Pioneer Natural Resources by 12.7% during the 1st quarter. Boston Partners now owns 2,549,700 shares of the oil and gas development company’s stock valued at $437,987,000 after acquiring an additional 287,344 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Pioneer Natural Resources by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,675,029 shares of the oil and gas development company’s stock valued at $288,880,000 after acquiring an additional 53,675 shares in the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.

In other news, Director Scott D. Sheffield sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $202.49, for a total transaction of $8,099,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Sheffield sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $180.00, for a total value of $360,000.00. Following the transaction, the director now owns 582,600 shares of the company’s stock, valued at $104,868,000. The disclosure for this sale can be found here. Insiders have sold 72,176 shares of company stock valued at $14,216,097 in the last ninety days. Company insiders own 0.92% of the company’s stock.

Several research firms have weighed in on PXD. National Alliance Securities raised Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup lifted their target price on Pioneer Natural Resources from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Jefferies Group reaffirmed a “buy” rating and set a $235.00 target price on shares of Pioneer Natural Resources in a research note on Monday, March 19th. Imperial Capital lifted their target price on Pioneer Natural Resources from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Piper Jaffray set a $226.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $218.67.

Shares of Pioneer Natural Resources opened at $206.08 on Thursday, MarketBeat.com reports. The company has a market cap of $34.61 billion, a price-to-earnings ratio of 95.41, a P/E/G ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 1.16. Pioneer Natural Resources has a 12-month low of $201.99 and a 12-month high of $205.08.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Pioneer Natural Resources had a return on equity of 5.57% and a net margin of 15.56%. The company’s revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. equities analysts predict that Pioneer Natural Resources will post 6.75 EPS for the current fiscal year.

Pioneer Natural Resources declared that its Board of Directors has approved a share repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas development company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Pioneer Natural Resources 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.

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

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