Pioneer Natural Resources Company (PXD) Stake Raised by Suntrust Banks Inc.
Suntrust Banks Inc. lifted its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,591 shares of the oil and gas development company’s stock after purchasing an additional 1,283 shares during the period. Suntrust Banks Inc.’s holdings in Pioneer Natural Resources were worth $1,529,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its stake in Pioneer Natural Resources by 9.2% in the first quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock valued at $83,400,000 after buying an additional 37,839 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Pioneer Natural Resources by 1.8% during the 1st quarter. Nordea Investment Management AB now owns 7,962 shares of the oil and gas development company’s stock worth $1,483,000 after buying an additional 144 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Pioneer Natural Resources by 139.7% during the 1st quarter. Private Advisor Group LLC now owns 8,250 shares of the oil and gas development company’s stock worth $617,000 after buying an additional 4,808 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its holdings in Pioneer Natural Resources by 2.9% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 69,794 shares of the oil and gas development company’s stock worth $12,998,000 after buying an additional 1,972 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Pioneer Natural Resources by 43.6% during the 1st quarter. KBC Group NV now owns 166,738 shares of the oil and gas development company’s stock worth $31,052,000 after buying an additional 50,615 shares during the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.
Shares of Pioneer Natural Resources Company (PXD) opened at 151.29 on Tuesday. The company has a 50-day moving average of $135.29 and a 200-day moving average of $159.40. The firm has a market cap of $25.73 billion, a P/E ratio of 152.66 and a beta of 0.94. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted ($0.22) EPS. The firm’s quarterly revenue was up 107.4% on a year-over-year basis. Equities analysts forecast that Pioneer Natural Resources Company will post $1.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors 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 dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.
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Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Williams Capital set a $184.00 price target on Pioneer Natural Resources and gave the company a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Cowen and Company set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $201.35.
In related news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares in the company, valued at approximately $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew F. Cates bought 350 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,200 shares of company stock worth $161,102. Company insiders own 0.89% of the company’s stock.
Pioneer Natural Resources 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.
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