Edmond DE Rothschild Holding S.A. Buys 43 Shares of Pioneer Natural Resources Company (PXD)
Edmond DE Rothschild Holding S.A. boosted its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,043 shares of the oil and gas development company’s stock after purchasing an additional 43 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Pioneer Natural Resources were worth $805,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Bank of Australia boosted its position in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in Pioneer Natural Resources during the second quarter valued at approximately $120,000. Morgan Dempsey Capital Management LLC boosted its position in Pioneer Natural Resources by 3.4% during the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after purchasing an additional 26 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Pioneer Natural Resources during the first quarter valued at approximately $172,000. Finally, Almanack Investment Partners LLC. acquired a new position in Pioneer Natural Resources during the first quarter valued at approximately $195,000. 91.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 136.93 on Monday. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83. The company’s 50-day moving average price is $134.84 and its 200-day moving average price is $163.19. The firm has a market cap of $23.29 billion, a P/E ratio of 138.17 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s revenue was up 107.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) EPS. On average, analysts predict that Pioneer Natural Resources Company will post $1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. Pioneer Natural Resources’s payout ratio is 8.16%.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Kenneth Thompson bought 750 shares of the stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the acquisition, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,200 shares of company stock worth $161,102 in the last three months. Insiders own 0.89% of the company’s stock.
Several brokerages recently commented on PXD. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $204.40.
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About Pioneer Natural Resources
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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