OLD National Bancorp IN lessened its position in Pioneer Natural Resources (NYSE:PXD) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,966 shares of the oil and gas development company’s stock after selling 1,088 shares during the quarter. OLD National Bancorp IN’s holdings in Pioneer Natural Resources were worth $5,871,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Pioneer Natural Resources by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after buying an additional 4,040 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Pioneer Natural Resources by 2,357.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock valued at $109,145,000 after buying an additional 709,663 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Pioneer Natural Resources by 4.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock valued at $83,526,000 after buying an additional 26,050 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Pioneer Natural Resources by 25.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock valued at $25,362,000 after buying an additional 34,342 shares during the period. Finally, Ashburton Jersey Ltd grew its stake in Pioneer Natural Resources by 87.3% during the 3rd quarter. Ashburton Jersey Ltd now owns 17,034 shares of the oil and gas development company’s stock worth $2,513,000 after purchasing an additional 7,940 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

Several research analysts recently commented on PXD shares. TheStreet raised Pioneer Natural Resources from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. Royal Bank of Canada set a $201.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Sunday, October 15th. KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. Mizuho set a $190.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $207.88.

Pioneer Natural Resources (NYSE:PXD) opened at $165.05 on Monday. The stock has a market capitalization of $28,085.78, a PE ratio of 34.03, a PEG ratio of 2.84 and a beta of 0.92. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.63. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The business’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. equities research analysts predict that Pioneer Natural Resources will post 5.39 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.16 per share. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio is currently 1.65%.

Pioneer Natural Resources announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas development company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, EVP Chris J. Cheatwood sold 2,201 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $167.82, for a total value of $369,371.82. Following the completion of the sale, the executive vice president now directly owns 42,909 shares of the company’s stock, valued at approximately $7,200,988.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total value of $408,911.34. Following the completion of the sale, the senior vice president now directly owns 12,861 shares of the company’s stock, valued at $2,036,796.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,106 shares of company stock valued at $4,444,339. Insiders own 0.89% of the company’s stock.

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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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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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