Pioneer Natural Resources Company (PXD) Stake Boosted by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. lifted its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,426 shares of the oil and gas development company’s stock after purchasing an additional 84 shares during the period. Dana Investment Advisors Inc.’s holdings in Pioneer Natural Resources were worth $1,185,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Commonwealth Bank of Australia increased its stake in shares of Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the period. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the second quarter valued at about $120,000. Oppenheimer Asset Management Inc. bought a new position in Pioneer Natural Resources during the first quarter valued at about $172,000. Almanack Investment Partners LLC. bought a new position in Pioneer Natural Resources during the first quarter valued at about $195,000. Finally, Grove Bank & Trust increased its stake in Pioneer Natural Resources by 112.3% during the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after acquiring an additional 620 shares during the period. Institutional investors and hedge funds own 91.57% of the company’s stock.
In related news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $997,987.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew F. Cates purchased 350 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,200 shares of company stock worth $161,102 in the last quarter. 0.89% of the stock is currently owned by company insiders.
Shares of Pioneer Natural Resources Company (NYSE PXD) traded down 0.46% on Friday, hitting $150.47. The stock had a trading volume of 1,215,606 shares. The firm has a market capitalization of $25.59 billion, a P/E ratio of 151.84 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. The company has a 50 day moving average of $137.49 and a 200-day moving average of $158.82.
Pioneer Natural Resources (NYSE:PXD) last posted 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 Thomson Reuters’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.22) EPS. Equities analysts predict that Pioneer Natural Resources Company will post $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio is 8.16%.
Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $190.00 to $160.00 in a research note 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 research note on Wednesday, August 2nd. BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered 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 target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $201.84.
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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