Wexford Capital LP Boosts Position in Pioneer Natural Resources (PXD)

Wexford Capital LP raised its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 66.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 327,616 shares of the oil and gas development company’s stock after purchasing an additional 130,546 shares during the period. Pioneer Natural Resources makes up about 3.6% of Wexford Capital LP’s investment portfolio, making the stock its 5th largest holding. Wexford Capital LP owned 0.19% of Pioneer Natural Resources worth $57,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its holdings in Pioneer Natural Resources by 1.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock worth $4,526,000 after purchasing an additional 273 shares during the period. CWM LLC raised its holdings in Pioneer Natural Resources by 5.4% during the third quarter. CWM LLC now owns 6,650 shares of the oil and gas development company’s stock valued at $1,158,000 after acquiring an additional 343 shares during the period. Dupont Capital Management Corp raised its holdings in Pioneer Natural Resources by 8.1% during the third quarter. Dupont Capital Management Corp now owns 4,742 shares of the oil and gas development company’s stock valued at $826,000 after acquiring an additional 357 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Pioneer Natural Resources by 1.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,522 shares of the oil and gas development company’s stock valued at $4,451,000 after acquiring an additional 361 shares during the period. Finally, Intrust Bank NA raised its holdings in Pioneer Natural Resources by 23.9% during the second quarter. Intrust Bank NA now owns 1,935 shares of the oil and gas development company’s stock valued at $367,000 after acquiring an additional 373 shares during the period. Institutional investors and hedge funds own 87.14% of the company’s stock.

NYSE PXD traded up $4.92 during trading hours on Friday, reaching $147.54. 16,076 shares of the company traded hands, compared to its average volume of 1,354,014. Pioneer Natural Resources has a 12 month low of $135.24 and a 12 month high of $213.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.07. The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 69.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.38. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s revenue was up 112.2% compared to the same quarter last year. As a group, analysts anticipate that Pioneer Natural Resources will post 7.16 EPS for the current year.

Several research analysts recently commented on the company. Williams Capital reiterated a “hold” rating and issued a $225.00 price target on shares of Pioneer Natural Resources in a research report on Tuesday, August 21st. Oppenheimer initiated coverage on Pioneer Natural Resources in a report on Wednesday, October 3rd. They issued a “market perform” rating for the company. Seaport Global Securities lowered Pioneer Natural Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $230.00 to $210.00 in a report on Wednesday, October 10th. UBS Group raised shares of Pioneer Natural Resources from a “neutral” rating to a “positive” rating in a research note on Monday, September 17th. Finally, MKM Partners assumed coverage on shares of Pioneer Natural Resources in a research note on Wednesday. They issued a “buy” rating and a $213.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $232.29.

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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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