Watch Point Trust Co Purchases 6,277 Shares of Pioneer Natural Resources (NYSE:PXD)

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Watch Point Trust Co grew its position in shares of Pioneer Natural Resources (NYSE:PXD) by 64.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,092 shares of the oil and gas development company’s stock after buying an additional 6,277 shares during the quarter. Watch Point Trust Co’s holdings in Pioneer Natural Resources were worth $2,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Motco increased its stake in shares of Pioneer Natural Resources by 2,542.9% during the 1st quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after purchasing an additional 178 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Pioneer Natural Resources by 224.6% during the 1st quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Berman Capital Advisors LLC increased its stake 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 worth $34,000 after purchasing an additional 87 shares during the last quarter. Brand Asset Management Group Inc. increased its stake in shares of Pioneer Natural Resources by 41.2% during the 1st quarter. Brand Asset Management Group Inc. now owns 497 shares of the oil and gas development company’s stock worth $47,000 after purchasing an additional 145 shares during the last quarter. Finally, Avestar Capital LLC grew its stake in Pioneer Natural Resources by 15.6% in the 1st quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock valued at $55,000 after buying an additional 67 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PXD traded up $0.58 during trading hours on Thursday, hitting $123.30. The stock had a trading volume of 539,956 shares, compared to its average volume of 1,806,822. The business’s 50 day moving average price is $138.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.76. 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 $21.19 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm earned $1.41 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. Research analysts predict that Pioneer Natural Resources will post 8.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.43%. 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 dividend payout ratio (DPR) is presently 10.14%.

A number of research analysts recently weighed in on the stock. SunTrust Banks reduced their price objective on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating for the company 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. KeyCorp lifted their price objective 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. Royal Bank of Canada reiterated a “buy” rating and issued a $190.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday. Finally, Wells Fargo & Co lifted their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources currently has an average rating of “Buy” and a consensus target price of $196.01.

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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