Jacobs & Co. CA increased its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,964 shares of the oil and gas development company’s stock after acquiring an additional 207 shares during the period. Jacobs & Co. CA’s holdings in Pioneer Natural Resources were worth $2,763,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PXD. Boston Partners raised its holdings in shares of Pioneer Natural Resources by 28.8% during the first quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock worth $547,679,000 after acquiring an additional 804,760 shares during the period. Primecap Management Co. CA raised its holdings in shares of Pioneer Natural Resources by 90.6% during the first quarter. Primecap Management Co. CA now owns 1,367,296 shares of the oil and gas development company’s stock worth $208,212,000 after acquiring an additional 649,746 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Pioneer Natural Resources by 95.4% during the first quarter. CIBC Private Wealth Group LLC now owns 802,525 shares of the oil and gas development company’s stock worth $122,208,000 after acquiring an additional 391,775 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Pioneer Natural Resources by 11.7% during the first quarter. Clearbridge Investments LLC now owns 3,177,174 shares of the oil and gas development company’s stock worth $483,820,000 after acquiring an additional 334,024 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Pioneer Natural Resources by 24.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,119,088 shares of the oil and gas development company’s stock valued at $147,184,000 after buying an additional 217,216 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Several equities research analysts have issued reports on PXD shares. SunTrust Banks lowered their price target on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. TheStreet lowered shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Seaport Global Securities reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. KeyCorp lifted their price target on shares of Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, ValuEngine lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $196.18.

Shares of PXD traded down $4.48 during midday trading on Wednesday, reaching $123.88. The stock had a trading volume of 305,161 shares, compared to its average volume of 1,827,203. The company’s 50 day simple moving average is $138.60. Pioneer Natural Resources has a one year low of $114.79 and a one year high of $189.78. The stock has a market cap of $21.62 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 0.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, analysts anticipate that Pioneer Natural Resources will post 8.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is 10.14%.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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