Pioneer Natural Resources (PXD) Stake Raised by Hahn Capital Management LLC
Hahn Capital Management LLC lifted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,426 shares of the oil and gas development company’s stock after acquiring an additional 1,637 shares during the quarter. Pioneer Natural Resources accounts for approximately 2.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Hahn Capital Management LLC owned approximately 0.11% of Pioneer Natural Resources worth $27,210,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of PXD. GWM Advisors LLC purchased a new position in Pioneer Natural Resources in the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia lifted its stake in Pioneer Natural Resources by 10.8% in the 2nd 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 in the last quarter. BDO Wealth Advisors LLC purchased a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $120,000. WFG Advisors LP lifted its stake in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares in the last quarter. Finally, Sun Life Financial INC lifted its stake in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares in the last quarter. 90.90% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Jerome D. Hall, Jr. sold 1,800 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total value of $279,414.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold a total of 23,392 shares of company stock valued at $3,721,297 in the last 90 days. Insiders own 0.89% of the company’s stock.
Shares of Pioneer Natural Resources (PXD) traded down $1.93 during midday trading on Thursday, hitting $157.06. 947,100 shares of the stock were exchanged, compared to its average volume of 1,834,857. The firm has a market cap of $26,720.00, a P/E ratio of 111.18, a P/E/G ratio of 10.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. equities research analysts forecast that Pioneer Natural Resources will post 1.53 earnings per share for the current fiscal year.
PXD has been the topic of a number of research reports. Zacks Investment Research raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Imperial Capital initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price on the stock. Jefferies Group set a $171.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Cowen reissued a “buy” rating and issued a $210.00 target price on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. Finally, Piper Jaffray Companies decreased their target price on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $192.37.
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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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