Cypress Asset Management Inc. TX raised its position in Pioneer Natural Resources (NYSE:PXD) by 40.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,363 shares of the oil and gas development company’s stock after purchasing an additional 1,265 shares during the period. Cypress Asset Management Inc. TX’s holdings in Pioneer Natural Resources were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Kiley Juergens Wealth Management LLC increased its position 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 during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at approximately $207,000. Welch & Forbes LLC purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at approximately $218,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at approximately $227,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at approximately $227,000. 88.80% of the stock is currently owned by institutional investors.
A number of research firms recently commented on PXD. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research report on Tuesday, July 31st. Barclays began coverage on shares of Pioneer Natural Resources in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $225.00 target price on the stock. KLR Group reaffirmed a “buy” rating and issued a $254.00 target price on shares of Pioneer Natural Resources in a research report on Monday, August 20th. Williams Capital reaffirmed a “hold” rating and issued a $225.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, August 21st. Finally, Citigroup dropped their target price on shares of Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $234.62.
NYSE:PXD traded down $1.13 during trading hours on Friday, reaching $166.77. 51,577 shares of the company’s stock were exchanged, compared to its average volume of 1,521,222. The stock has a market cap of $29.00 billion, a P/E ratio of 77.17, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98. Pioneer Natural Resources has a 1-year low of $140.31 and a 1-year high of $213.40.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.08). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.27 billion. Pioneer Natural Resources had a return on equity of 7.29% and a net margin of 12.23%. Sell-side analysts expect that Pioneer Natural Resources will post 6.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.38%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio is currently 14.81%.
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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