Pioneer Natural Resources (NYSE:PXD) Stock Holdings Increased by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its stake in Pioneer Natural Resources (NYSE:PXD) by 16.6% in the second quarter, Holdings Channel.com reports. The firm owned 743,579 shares of the oil and gas development company’s stock after acquiring an additional 105,813 shares during the quarter. Neuberger Berman Group LLC’s holdings in Pioneer Natural Resources were worth $120,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Scout Investments Inc. purchased a new stake in shares of Pioneer Natural Resources in the second quarter worth approximately $60,543,000. Bessemer Group Inc. lifted its position in shares of Pioneer Natural Resources by 4.5% in the first quarter. Bessemer Group Inc. now owns 721,234 shares of the oil and gas development company’s stock worth $114,546,000 after purchasing an additional 30,904 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Pioneer Natural Resources by 447.7% in the second quarter. Bank of Nova Scotia now owns 384,629 shares of the oil and gas development company’s stock worth $62,510,000 after purchasing an additional 314,406 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Pioneer Natural Resources by 3,311.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,977,308 shares of the oil and gas development company’s stock worth $321,353,000 after purchasing an additional 1,919,353 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Pioneer Natural Resources by 13.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,054 shares of the oil and gas development company’s stock worth $6,185,000 after purchasing an additional 4,365 shares in the last quarter. 86.80% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on PXD. Morgan Stanley raised their price objective on shares of Pioneer Natural Resources from $184.00 to $192.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 6th. The Goldman Sachs Group raised shares of Pioneer Natural Resources from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, September 9th. Raymond James raised their price objective on shares of Pioneer Natural Resources from $245.00 to $253.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 27th. Sanford C. Bernstein raised shares of Pioneer Natural Resources from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $156.00 to $202.00 in a research report on Monday, June 21st. Finally, Truist Securities raised their price objective on shares of Pioneer Natural Resources from $181.00 to $214.00 and gave the company a “hold” rating in a research report on Thursday, October 7th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $198.27.

Shares of Pioneer Natural Resources stock opened at $190.76 on Thursday. The company’s fifty day simple moving average is $158.11 and its 200-day simple moving average is $156.36. The company has a market cap of $46.54 billion, a price-to-earnings ratio of 141.30, a PEG ratio of 1.40 and a beta of 1.93. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 0.31. Pioneer Natural Resources has a 1 year low of $76.58 and a 1 year high of $196.64.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Sunday, August 1st. The oil and gas development company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.01). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.47 billion. Pioneer Natural Resources had a return on equity of 7.67% and a net margin of 3.49%. The company’s revenue was up 298.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) EPS. As a group, research analysts forecast that Pioneer Natural Resources will post 12.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Thursday, September 30th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.17%. Pioneer Natural Resources’s payout ratio is 136.59%.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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

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