Exane Derivatives Buys 1,271 Shares of Pioneer Natural Resources Company (PXD)
Exane Derivatives lifted its stake in Pioneer Natural Resources Company (NYSE:PXD) by 412.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,579 shares of the oil and gas development company’s stock after purchasing an additional 1,271 shares during the period. Exane Derivatives’ holdings in Pioneer Natural Resources were worth $233,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter worth $100,000. Commonwealth Bank of Australia boosted its position in shares of Pioneer Natural Resources by 10.8% in the 2nd 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 position in shares of Pioneer Natural Resources in the 2nd quarter worth $120,000. Oppenheimer Asset Management Inc. bought a new position in shares of Pioneer Natural Resources in the 1st quarter worth $172,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of Pioneer Natural Resources in the 1st quarter worth $195,000. Institutional investors and hedge funds own 91.46% of the company’s stock.
Several research analysts have recently issued reports on the company. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday. Royal Bank Of Canada reiterated a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, August 4th. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus price target of $194.08.
In other Pioneer Natural Resources news, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J Kenneth Thompson purchased 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the transaction, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,200 shares of company stock worth $161,102. 0.89% of the stock is owned by insiders.
Shares of Pioneer Natural Resources Company (PXD) opened at 145.045 on Monday. The firm has a market cap of $24.67 billion, a P/E ratio of 146.362 and a beta of 0.94. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83. The company has a 50 day moving average price of $142.42 and a 200-day moving average price of $156.16.
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 for the quarter, beating 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm earned ($0.22) EPS. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, analysts expect that Pioneer Natural Resources Company will post $1.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a $0.04 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is 8.16%.
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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