Fayez Sarofim & Co. maintained its position in Pioneer Natural Resources Company (NYSE:PXD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,512 shares of the oil and gas development company’s stock at the close of the 2nd quarter. Fayez Sarofim & Co.’s holdings in Pioneer Natural Resources were worth $401,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PXD. UBS Asset Management Americas Inc. grew its position in Pioneer Natural Resources by 9.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock worth $83,400,000 after purchasing an additional 37,839 shares during the period. Teza Capital Management LLC grew its position in Pioneer Natural Resources by 219.8% in the 1st quarter. Teza Capital Management LLC now owns 3,614 shares of the oil and gas development company’s stock worth $673,000 after purchasing an additional 2,484 shares during the period. Karp Capital Management Corp bought a new stake in Pioneer Natural Resources in the 1st quarter worth approximately $10,927,000. Sei Investments Co. grew its position in Pioneer Natural Resources by 9.7% in the 1st quarter. Sei Investments Co. now owns 383,015 shares of the oil and gas development company’s stock worth $71,328,000 after purchasing an additional 33,771 shares during the period. Finally, TD Asset Management Inc. grew its position in Pioneer Natural Resources by 22.9% in the 1st quarter. TD Asset Management Inc. now owns 90,746 shares of the oil and gas development company’s stock worth $16,900,000 after purchasing an additional 16,880 shares during the period. 91.57% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $236.00 target price on shares of Pioneer Natural Resources in a research report on Friday, June 2nd. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets cut their price objective on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, July 14th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, BidaskClub downgraded shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $201.35.

WARNING: “Fayez Sarofim & Co. Continues to Hold Position in Pioneer Natural Resources Company (PXD)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/19/fayez-sarofim-co-continues-to-hold-position-in-pioneer-natural-resources-company-pxd.html.

Pioneer Natural Resources Company (NYSE PXD) traded up 0.23% during mid-day trading on Tuesday, hitting $137.31. 137,228 shares of the stock were exchanged. The stock’s 50 day moving average is $134.14 and its 200 day moving average is $162.41. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83. The stock has a market cap of $23.36 billion, a PE ratio of 138.56 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last issued its 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. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned ($0.22) earnings per share. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. Analysts forecast that Pioneer Natural Resources Company will post $1.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.

In other news, Director Andrew F. Cates bought 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Insiders have acquired 1,200 shares of company stock worth $161,102 over the last ninety days. 0.89% of the stock is owned by insiders.

Pioneer Natural Resources Company Profile

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.

Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources Company (NYSE:PXD).

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

Receive News & Stock Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related stocks with our FREE daily email newsletter.