Dimensional Fund Advisors LP Has $79.68 Million Stake in Pioneer Natural Resources Company (PXD)
Dimensional Fund Advisors LP lifted its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,309 shares of the oil and gas development company’s stock after purchasing an additional 19,512 shares during the quarter. Dimensional Fund Advisors LP owned about 0.29% of Pioneer Natural Resources worth $79,675,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in PXD. Blair William & Co. IL raised its stake in shares of Pioneer Natural Resources by 11.2% during the first quarter. Blair William & Co. IL now owns 129,005 shares of the oil and gas development company’s stock worth $24,024,000 after purchasing an additional 12,989 shares during the last quarter. Cibc World Markets Corp raised its stake in shares of Pioneer Natural Resources by 52.8% during the first quarter. Cibc World Markets Corp now owns 17,746 shares of the oil and gas development company’s stock worth $3,305,000 after purchasing an additional 6,135 shares during the last quarter. EFG Asset Management Americas Corp. purchased a new stake in shares of Pioneer Natural Resources during the first quarter worth approximately $2,019,000. Westpac Banking Corp raised its stake in shares of Pioneer Natural Resources by 28.4% during the first quarter. Westpac Banking Corp now owns 22,442 shares of the oil and gas development company’s stock worth $3,434,000 after purchasing an additional 4,966 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Pioneer Natural Resources by 20.1% during the first quarter. Artisan Partners Limited Partnership now owns 1,349,786 shares of the oil and gas development company’s stock worth $251,371,000 after purchasing an additional 225,563 shares during the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.
Several research firms have issued reports on PXD. Stifel Nicolaus set a $248.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday. Mizuho reiterated a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Piper Jaffray Companies cut their price objective on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Cowen and Company reiterated a “buy” rating and issued a $210.00 price objective on shares of Pioneer Natural Resources in a research report on Sunday, September 17th. Finally, Jefferies Group LLC set a $171.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 29th. 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $201.84.
In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders have bought 1,200 shares of company stock worth $161,102 over the last ninety days. 0.89% of the stock is owned by insiders.
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Shares of Pioneer Natural Resources Company (NYSE PXD) opened at 150.47 on Friday. The firm has a market cap of $25.59 billion, a price-to-earnings ratio of 151.84 and a beta of 0.94. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company’s 50 day moving average price is $137.49 and its 200-day moving average price is $158.82.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (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 analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.22) earnings per share. Equities analysts expect that Pioneer Natural Resources Company will post $1.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given 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 is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.
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.
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