Partners Capital Investment Group LLP lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 95.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,027 shares of the oil and gas development company’s stock after selling 178,678 shares during the quarter. Partners Capital Investment Group LLP’s holdings in Pioneer Natural Resources were worth $1,708,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC lifted its position in Pioneer Natural Resources by 28,826.7% during the first quarter. Summit Trail Advisors LLC now owns 126,699 shares of the oil and gas development company’s stock worth $127,000 after purchasing an additional 126,261 shares during the period. Cornerstone Wealth Management LLC bought a new stake in Pioneer Natural Resources during the second quarter worth about $127,000. Intact Investment Management Inc. bought a new stake in Pioneer Natural Resources during the first quarter worth about $206,000. Bradley Foster & Sargent Inc. CT bought a new stake in Pioneer Natural Resources during the second quarter worth about $207,000. Finally, Welch & Forbes LLC bought a new stake in Pioneer Natural Resources during the second quarter worth about $218,000. 88.81% of the stock is owned by institutional investors.
Shares of NYSE PXD opened at $171.10 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98. The stock has a market cap of $29.77 billion, a price-to-earnings ratio of 79.21, a price-to-earnings-growth ratio of 1.87 and a beta of 0.98. Pioneer Natural Resources has a 12 month low of $127.26 and a 12 month high of $213.40.
Pioneer Natural Resources (NYSE:PXD) last released 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 net margin of 12.23% and a return on equity of 7.29%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.27 billion. sell-side analysts predict that Pioneer Natural Resources will post 6.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.37%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio is currently 14.81%.
Several equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Pioneer Natural Resources in a research report on Wednesday, August 29th. They set an “overweight” rating and a $225.00 price objective for the company. Williams Capital reaffirmed a “hold” rating and set a $225.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, August 21st. KLR Group reaffirmed a “buy” rating and set a $254.00 price objective on shares of Pioneer Natural Resources in a research report on Monday, August 20th. Morgan Stanley cut their price objective on shares of Pioneer Natural Resources from $240.00 to $236.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, Citigroup cut their price objective on shares of Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $232.57.
About Pioneer Natural Resources
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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