Pioneer Natural Resources (NYSE:PXD) Shares Purchased by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC boosted its position in Pioneer Natural Resources (NYSE:PXD – Get Rating) by 4.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 88,038 shares of the oil and gas development company’s stock after purchasing an additional 3,423 shares during the period. Waters Parkerson & CO. LLC’s holdings in Pioneer Natural Resources were worth $19,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PXD. Price T Rowe Associates Inc. MD boosted its position in Pioneer Natural Resources by 144.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,346,688 shares of the oil and gas development company’s stock valued at $969,659,000 after buying an additional 2,569,044 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Pioneer Natural Resources by 22.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,489,330 shares of the oil and gas development company’s stock valued at $1,447,639,000 after buying an additional 1,198,899 shares during the last quarter. Pacer Advisors Inc. boosted its position in Pioneer Natural Resources by 173,689.1% in the 3rd quarter. Pacer Advisors Inc. now owns 622,165 shares of the oil and gas development company’s stock worth $134,717,000 after purchasing an additional 621,807 shares in the last quarter. Marsico Capital Management LLC purchased a new stake in Pioneer Natural Resources in the 2nd quarter worth approximately $85,117,000. Finally, Argent Capital Management LLC purchased a new stake in Pioneer Natural Resources in the 2nd quarter worth approximately $71,987,000. Hedge funds and other institutional investors own 89.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PXD shares. Barclays upped their price objective on Pioneer Natural Resources from $277.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday. StockNews.com started coverage on Pioneer Natural Resources in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley lowered their price objective on Pioneer Natural Resources from $261.00 to $247.00 and set an “underweight” rating on the stock in a research report on Tuesday. Citigroup upped their price objective on Pioneer Natural Resources to $255.00 in a research report on Thursday, November 17th. Finally, Wells Fargo & Company started coverage on Pioneer Natural Resources in a research note on Tuesday. They set an “underweight” rating and a $225.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Pioneer Natural Resources has an average rating of “Hold” and an average price target of $274.94.

Pioneer Natural Resources Trading Down 2.2 %

Shares of NYSE PXD traded down $5.15 during mid-day trading on Wednesday, reaching $232.59. 586,117 shares of the company’s stock were exchanged, compared to its average volume of 1,499,199. The firm has a market capitalization of $56.28 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 1.03. Pioneer Natural Resources has a 52-week low of $200.09 and a 52-week high of $288.46. The company’s 50-day moving average is $233.54 and its 200-day moving average is $236.34.

Pioneer Natural Resources (NYSE:PXD – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The oil and gas development company reported $7.48 earnings per share for the quarter, topping analysts’ consensus estimates of $7.43 by $0.05. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Pioneer Natural Resources had a return on equity of 31.82% and a net margin of 30.33%. Analysts expect that Pioneer Natural Resources will post 30.73 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were issued a dividend of $5.71 per share. This represents a $22.84 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date of this dividend was Tuesday, November 29th. Pioneer Natural Resources’s dividend payout ratio is presently 15.69%.

Pioneer Natural Resources Profile

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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 on the operation of the 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.