Pioneer Natural Resources Company (PXD) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lifted its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 472,841 shares of the oil and gas development company’s stock after purchasing an additional 25,008 shares during the period. UBS Asset Management Americas Inc. owned 0.28% of Pioneer Natural Resources worth $75,456,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Commonwealth Bank of Australia grew its holdings in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter worth $120,000. Morgan Dempsey Capital Management LLC grew its holdings in shares of Pioneer Natural Resources by 3.4% during the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after purchasing an additional 26 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources during the first quarter worth $172,000. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Pioneer Natural Resources during the first quarter worth $195,000. Institutional investors own 91.57% of the company’s stock.
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In other Pioneer Natural Resources news, Director Andrew F. Cates acquired 350 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 over the last three months. 0.89% of the stock is owned by company insiders.
Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 144.01 on Friday. The firm has a 50 day moving average price of $133.40 and a 200 day moving average price of $162.00. The company has a market capitalization of $24.50 billion, a P/E ratio of 145.32 and a beta of 0.94. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.22) EPS. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is 8.16%.
Several analysts have recently commented on the company. Credit Suisse Group restated an “outperform” rating and set a $236.00 target price on shares of Pioneer Natural Resources in a report on Friday, June 2nd. Wells Fargo & Company cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Williams Capital set a $184.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $201.35.
Pioneer Natural Resources Company Profile
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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