USA Financial Portformulas Corp boosted its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 483.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,732 shares of the oil and gas development company’s stock after buying an additional 11,380 shares during the period. USA Financial Portformulas Corp’s holdings in Pioneer Natural Resources were worth $2,599,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PXD. Cornerstone Wealth Management LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $127,000. Kiley Juergens Wealth Management LLC raised its holdings in shares of Pioneer Natural Resources by 159.5% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 768 shares of the oil and gas development company’s stock valued at $133,000 after purchasing an additional 472 shares in the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $207,000. Welch & Forbes LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $218,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $227,000. Institutional investors own 88.87% of the company’s stock.
NYSE PXD opened at $149.58 on Friday. Pioneer Natural Resources has a 12 month low of $140.54 and a 12 month high of $213.40. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $24.84 billion, a P/E ratio of 69.25, a P/E/G ratio of 1.65 and a beta of 0.95.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.08). Pioneer Natural Resources had a return on equity of 7.29% and a net margin of 12.23%. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.27 billion. On average, research analysts forecast that Pioneer Natural Resources will post 6.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were given a dividend of $0.16 per share. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 27th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 14.81%.
A number of equities research analysts have recently weighed in on PXD shares. TD Securities started coverage on shares of Pioneer Natural Resources in a report on Thursday, July 5th. They issued a “buy” rating and a $240.00 price objective on the stock. Morgan Stanley started coverage on shares of Pioneer Natural Resources in a report on Thursday, July 12th. They issued an “overweight” rating and a $240.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a report on Friday, July 13th. Jefferies Financial Group set a $244.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, July 18th. Finally, Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $233.93.
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.
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