Pioneer Natural Resources Company (NYSE:PXD) Stake Increased by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. raised its position in Pioneer Natural Resources Company (NYSE:PXD) by 18.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 34,723 shares of the oil and gas development company’s stock after buying an additional 5,493 shares during the period. Daiwa Securities Group Inc.’s holdings in Pioneer Natural Resources were worth $5,541,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in PXD. BlackRock Inc. boosted its stake in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares during the last quarter. Boston Partners acquired a new stake in Pioneer Natural Resources during the first quarter worth approximately $274,976,000. FMR LLC boosted its stake in Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock worth $1,568,894,000 after buying an additional 1,304,274 shares during the last quarter. Swedbank acquired a new stake in Pioneer Natural Resources during the first quarter worth approximately $172,313,000. Finally, Clearbridge Investments LLC boosted its stake in Pioneer Natural Resources by 68,788.6% in the first quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock worth $166,779,000 after buying an additional 894,252 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.
Pioneer Natural Resources Company (PXD) opened at 135.34 on Monday. Pioneer Natural Resources Company has a one year low of $130.38 and a one year high of $199.83. The stock’s 50 day moving average price is $160.01 and its 200 day moving average price is $175.21. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of 136.57 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted ($0.22) earnings per share. The firm’s revenue was up 107.4% on a year-over-year basis. Equities analysts predict that Pioneer Natural Resources Company will post $1.10 earnings per share for the current fiscal year.
PXD has been the topic of a number of recent analyst reports. Barclays PLC reiterated a “buy” rating and set a $196.00 target price (down from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. Williams Capital set a $200.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Thursday, May 4th. Piper Jaffray Companies reiterated an “overweight” rating and set a $246.00 target price (up from $225.00) on shares of Pioneer Natural Resources in a research note on Thursday, May 11th. Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Finally, BidaskClub cut Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the company. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $214.19.
In related news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares in the company, valued at $7,839,666.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
About Pioneer Natural Resources
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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