Toronto Dominion Bank lessened its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 10.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,298 shares of the oil and gas development company’s stock after selling 11,585 shares during the period. Toronto Dominion Bank owned about 0.06% of Pioneer Natural Resources worth $15,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avestar Capital LLC boosted its position in shares of Pioneer Natural Resources by 15.6% in the first quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock valued at $55,000 after acquiring an additional 67 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in Pioneer Natural Resources by 1.2% in the second quarter. Beese Fulmer Investment Management Inc. now owns 6,920 shares of the oil and gas development company’s stock valued at $1,065,000 after purchasing an additional 80 shares in the last quarter. Cetera Advisors LLC raised its stake in Pioneer Natural Resources by 6.0% in the second quarter. Cetera Advisors LLC now owns 1,491 shares of the oil and gas development company’s stock valued at $228,000 after purchasing an additional 84 shares in the last quarter. Berman Capital Advisors LLC raised its stake in Pioneer Natural Resources by 64.9% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 87 shares in the last quarter. Finally, CWM Advisors LLC raised its stake in Pioneer Natural Resources by 1.4% in the second quarter. CWM Advisors LLC now owns 6,637 shares of the oil and gas development company’s stock valued at $1,021,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 87.58% of the company’s stock.

A number of brokerages recently weighed in on PXD. Wells Fargo & Co raised their target price on shares of Pioneer Natural Resources from $182.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TheStreet downgraded shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Piper Jaffray Companies set a $202.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, August 16th. Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. Finally, Royal Bank of Canada reissued a “buy” rating and set a $190.00 price target on shares of Pioneer Natural Resources in a research note on Sunday, August 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $193.85.

In other news, Director J Kenneth Thompson bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $121.01 per share, with a total value of $60,505.00. Following the completion of the purchase, the director now directly owns 13,024 shares in the company, valued at $1,576,034.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by insiders.

Shares of NYSE PXD traded up $3.82 during mid-day trading on Friday, hitting $134.17. The stock had a trading volume of 811,963 shares, compared to its average volume of 1,260,648. 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 has a 1 year low of $114.79 and a 1 year high of $189.78. The business has a 50 day moving average price of $127.07 and a two-hundred day moving average price of $143.44. The firm has a market cap of $21.79 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 0.75 and a beta of 1.14.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts predict that Pioneer Natural Resources will post 8.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.31%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 26th. Pioneer Natural Resources’s payout ratio is presently 10.14%.

Pioneer Natural Resources 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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