Pioneer Natural Resources Company (PXD) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its position in Pioneer Natural Resources Company (NYSE:PXD) by 38.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,678 shares of the oil and gas development company’s stock after purchasing an additional 462 shares during the period. Raymond James Trust N.A.’s holdings in Pioneer Natural Resources were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc increased its stake in Pioneer Natural Resources by 0.4% in the 2nd quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after purchasing an additional 7 shares in the last quarter. Hodges Capital Management Inc. increased its position in Pioneer Natural Resources by 0.4% during the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock worth $467,000 after buying an additional 10 shares in the last quarter. Level Four Advisory Services LLC increased its position in Pioneer Natural Resources by 0.5% during the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock worth $518,000 after buying an additional 13 shares in the last quarter. Atlantic Trust LLC increased its position in Pioneer Natural Resources by 1.0% during the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock worth $364,000 after buying an additional 20 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in 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 buying an additional 26 shares in the last quarter. 91.57% of the stock is owned by hedge funds and other institutional investors.

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Pioneer Natural Resources Company (PXD) opened at 137.09 on Wednesday. The company has a market capitalization of $23.32 billion, a price-to-earnings ratio of 138.34 and a beta of 0.94. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The stock’s 50 day moving average price is $133.40 and its 200 day moving average price is $162.00.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business posted ($0.22) earnings per share. The company’s quarterly revenue was up 107.4% compared to the same quarter last year. On average, equities research analysts anticipate that Pioneer Natural Resources Company will post $1.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.

In other news, Director Andrew F. Cates acquired 350 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the acquisition, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders purchased 1,200 shares of company stock valued at $161,102 in the last three months. Company insiders own 0.89% of the company’s stock.

Several research firms have weighed in on PXD. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target 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.

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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