State of New Jersey Common Pension Fund D increased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 49.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,700 shares of the oil and gas development company’s stock after purchasing an additional 39,700 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Pioneer Natural Resources worth $21,025,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Advisor Partners LLC lifted its stake in shares of Pioneer Natural Resources by 9.3% in the 2nd quarter. Advisor Partners LLC now owns 3,153 shares of the oil and gas development company’s stock valued at $597,000 after purchasing an additional 267 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Pioneer Natural Resources by 1.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock worth $4,526,000 after acquiring an additional 273 shares in the last quarter. Sippican Capital Advisors lifted its stake in Pioneer Natural Resources by 3.2% during the 2nd quarter. Sippican Capital Advisors now owns 9,689 shares of the oil and gas development company’s stock worth $1,834,000 after acquiring an additional 297 shares in the last quarter. CWM LLC lifted its stake in Pioneer Natural Resources by 5.5% during the 2nd quarter. CWM LLC now owns 6,307 shares of the oil and gas development company’s stock worth $1,194,000 after acquiring an additional 326 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Pioneer Natural Resources by 1.6% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,522 shares of the oil and gas development company’s stock worth $4,451,000 after acquiring an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Shares of PXD stock traded up $3.31 during midday trading on Friday, hitting $159.82. The company had a trading volume of 1,690,624 shares, compared to its average volume of 1,813,825. Pioneer Natural Resources has a 52-week low of $140.54 and a 52-week high of $213.40. The company has a market capitalization of $27.56 billion, a P/E ratio of 73.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. The company has a current ratio of 1.20, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.69 by $0.38. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The company’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. As a group, equities analysts predict that Pioneer Natural Resources will post 6.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a $0.16 dividend. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Thursday, September 27th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.
Several equities analysts recently issued reports on the company. Imperial Capital decreased their target price on Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating on the stock in a research note on Thursday, August 9th. Williams Capital reissued a “hold” rating and set a $225.00 target price on shares of Pioneer Natural Resources in a research note on Tuesday, August 21st. TheStreet lowered Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, August 7th. Oppenheimer initiated coverage on Pioneer Natural Resources in a research report on Wednesday, October 3rd. They issued a “market perform” rating on the stock. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $235.96.
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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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