Natixis Advisors L.P. Grows Position in Pioneer Natural Resources (NYSE:PXD)
Natixis Advisors L.P. grew its position in Pioneer Natural Resources (NYSE:PXD) by 9.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 44,815 shares of the oil and gas development company’s stock after acquiring an additional 3,838 shares during the quarter. Natixis Advisors L.P.’s holdings in Pioneer Natural Resources were worth $6,895,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in Pioneer Natural Resources by 224.6% during the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 137 shares during the period. Berman Capital Advisors LLC lifted its holdings in shares of Pioneer Natural Resources by 64.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of Pioneer Natural Resources during the 1st quarter valued at $58,000. Foresters Asset Management Inc. lifted its holdings in shares of Pioneer Natural Resources by 35.7% during the 2nd quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after acquiring an additional 100 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in Pioneer Natural Resources by 264.8% during the 2nd quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock worth $60,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 87.58% of the company’s stock.
Shares of NYSE PXD traded down $0.98 during mid-day trading on Wednesday, hitting $133.77. The company had a trading volume of 38,128 shares, compared to its average volume of 1,278,570. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $189.78. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 0.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.76. The firm’s 50 day simple moving average is $127.19 and its two-hundred day simple moving average is $143.48.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio is currently 10.14%.
Several analysts recently issued reports on PXD shares. SunTrust Banks lowered their price target on Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Seaport Global Securities restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. TD Securities decreased their target price on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $190.00 target price on shares of Pioneer Natural Resources in a research note on Sunday, August 11th. Finally, Wells Fargo & Co increased their target price on Pioneer Natural Resources from $182.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and an average target price of $193.85.
In other news, Director J Kenneth Thompson acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $121.01 per share, with a total value of $60,505.00. Following the acquisition, the director now directly owns 13,024 shares in the company, valued at $1,576,034.24. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.
About Pioneer Natural Resources
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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