Gs Investments Inc. Purchases Shares of 2,120 Pioneer Natural Resources Company (PXD)
Gs Investments Inc. purchased a new position in shares of Pioneer Natural Resources Company (NYSE:PXD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,120 shares of the oil and gas development company’s stock, valued at approximately $338,000.
Several other large investors have also recently added to or reduced their stakes in PXD. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter worth about $100,000. Commonwealth Bank of Australia grew its holdings in shares of Pioneer Natural Resources by 10.8% during 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 last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter worth about $120,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources during the first quarter worth about $172,000. Finally, WFG Advisors LP grew its holdings in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 91.46% of the company’s stock.
Shares of Pioneer Natural Resources Company (NYSE PXD) traded up 1.07% during trading on Friday, hitting $144.51. The stock had a trading volume of 505,813 shares. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 145.82 and a beta of 0.94. The firm has a 50 day moving average price of $141.99 and a 200-day moving average price of $156.45. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83.
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, beating the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) EPS. On average, equities research analysts forecast that Pioneer Natural Resources Company will post $1.16 EPS for the current fiscal year.
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 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is presently 8.16%.
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Several analysts have recently weighed in on PXD shares. Citigroup Inc. reduced their price target on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Cowen and Company set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus restated a “buy” rating and set a $268.00 price target on shares of Pioneer Natural Resources in a report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $194.75.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew F. Cates acquired 350 shares of the stock in a transaction on Friday, August 11th. The shares were 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 approximately $1,970,445.72. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,200 shares of company stock valued at $161,102. 0.89% of the stock is currently owned by company insiders.
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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