628 Shares in Pioneer Natural Resources Company (PXD) Purchased by GWM Advisors LLC
GWM Advisors LLC purchased a new position in Pioneer Natural Resources Company (NYSE:PXD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 628 shares of the oil and gas development company’s stock, valued at approximately $100,000.
Other hedge funds have also modified their holdings of the company. Independence Advisors LLC purchased a new stake in Pioneer Natural Resources in the 2nd quarter worth $822,000. Murphy Capital Management Inc. increased its stake in Pioneer Natural Resources by 4.5% in the 2nd quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after buying an additional 4,980 shares in the last quarter. Summit Global Investments increased its stake in Pioneer Natural Resources by 83.4% in the 2nd quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock worth $1,465,000 after buying an additional 4,173 shares in the last quarter. BlackRock Inc. increased its stake in Pioneer Natural Resources by 2,397.3% in the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Pioneer Natural Resources in the 1st quarter worth $260,000. Institutional investors and hedge funds own 91.57% of the company’s stock.
In related news, Director J Kenneth Thompson acquired 750 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the purchase, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources 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 purchase, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders purchased 1,200 shares of company stock valued at $161,102 in the last quarter. Company insiders own 0.89% of the company’s stock.
A number of brokerages have issued reports on PXD. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and cut their price target for the stock 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 stock 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 objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $200.16.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business earned ($0.22) EPS. The business’s revenue was up 107.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.
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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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