Seven Eight Capital LP bought a new position in Pioneer Natural Resources (NYSE:PXD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 35,778 shares of the oil and gas development company’s stock, valued at approximately $6,232,000.
Several other large investors have also recently made changes to their positions in PXD. Summit Trail Advisors LLC raised its position in shares of Pioneer Natural Resources by 28,826.7% in the 1st quarter. Summit Trail Advisors LLC now owns 126,699 shares of the oil and gas development company’s stock worth $127,000 after acquiring an additional 126,261 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $127,000. Kiley Juergens Wealth Management LLC raised 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 worth $133,000 after acquiring an additional 472 shares in the last quarter. Bradley Foster & Sargent Inc. CT bought a new position in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $207,000. Finally, Welch & Forbes LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $218,000. 88.80% of the stock is owned by hedge funds and other institutional investors.
Shares of PXD opened at $167.90 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a 12 month low of $140.31 and a 12 month high of $213.40. The firm has a market cap of $29.00 billion, a price-to-earnings ratio of 77.73, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing the 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 business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.27 billion. On average, equities research analysts expect that Pioneer Natural Resources will post 6.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.38%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 27th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.
Several research analysts have recently issued reports on PXD shares. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $214.00 target price for the company in a research report on Tuesday, July 31st. Barclays assumed coverage on Pioneer Natural Resources in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $225.00 price target on the stock. KLR Group restated a “buy” rating and issued a $254.00 price target on shares of Pioneer Natural Resources in a research note on Monday, August 20th. Williams Capital restated a “hold” rating and issued a $225.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, August 21st. Finally, Citigroup cut their price target on Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $234.62.
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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