Capital One Financial Comments on Pioneer Natural Resources’ FY2021 Earnings (NYSE:PXD)
Pioneer Natural Resources (NYSE:PXD) – Investment analysts at Capital One Financial upped their FY2021 earnings estimates for shares of Pioneer Natural Resources in a research note issued on Monday, April 5th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas development company will post earnings of $8.34 per share for the year, up from their prior estimate of $7.59.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Monday, February 22nd. The oil and gas development company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.37. Pioneer Natural Resources had a return on equity of 4.67% and a net margin of 2.30%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business earned $2.36 EPS. Pioneer Natural Resources’s quarterly revenue was down 30.3% compared to the same quarter last year.
NYSE PXD opened at $153.53 on Wednesday. The stock has a market cap of $33.25 billion, a P/E ratio of 150.52, a PEG ratio of 2.72 and a beta of 1.92. The company’s fifty day simple moving average is $156.09 and its 200-day simple moving average is $118.49. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.27. Pioneer Natural Resources has a 52 week low of $67.00 and a 52 week high of $169.49.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 14th. Investors of record on Wednesday, March 31st will be paid a dividend of $0.56 per share. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 30th. Pioneer Natural Resources’s dividend payout ratio is presently 27.38%.
In other Pioneer Natural Resources news, COO Richard P. Dealy sold 9,890 shares of the firm’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $163.24, for a total value of $1,614,443.60. Following the sale, the chief operating officer now owns 137,506 shares in the company, valued at $22,446,479.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott D. Sheffield sold 29,882 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $162.73, for a total value of $4,862,697.86. Following the sale, the chief executive officer now directly owns 456,949 shares in the company, valued at approximately $74,359,310.77. The disclosure for this sale can be found here. Insiders sold 52,338 shares of company stock worth $8,536,408 over the last ninety days. 0.91% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Pioneer Natural Resources by 0.9% during the 4th quarter. BlackRock Inc. now owns 16,231,486 shares of the oil and gas development company’s stock worth $1,848,603,000 after acquiring an additional 143,293 shares during the period. Aristotle Capital Management LLC increased its stake in Pioneer Natural Resources by 6.6% during the 4th quarter. Aristotle Capital Management LLC now owns 3,277,457 shares of the oil and gas development company’s stock valued at $370,724,000 after buying an additional 201,892 shares during the period. Nuveen Asset Management LLC raised its position in shares of Pioneer Natural Resources by 5.8% during the 3rd quarter. Nuveen Asset Management LLC now owns 2,217,517 shares of the oil and gas development company’s stock worth $190,684,000 after buying an additional 122,413 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Pioneer Natural Resources by 6.8% during the 4th quarter. Clearbridge Investments LLC now owns 1,701,108 shares of the oil and gas development company’s stock worth $193,739,000 after buying an additional 108,211 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Pioneer Natural Resources by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,603,825 shares of the oil and gas development company’s stock worth $182,676,000 after acquiring an additional 14,972 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.
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. As of December 31, 2019, the company had proved undeveloped reserves and proved developed non-producing reserves of 39 million barrels of oil, 16 million barrels of NGLs, and 83 billion cubic feet of gas; and owned interests in 11 gas processing plants.
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