AGF Investments Inc. Cuts Stake in Pioneer Natural Resources Company (PXD)

AGF Investments Inc. reduced its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,946 shares of the oil and gas development company’s stock after selling 601 shares during the quarter. AGF Investments Inc. owned 0.10% of Pioneer Natural Resources worth $27,925,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Pioneer Natural Resources by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 11,827,949 shares of the oil and gas development company’s stock valued at $2,202,718,000 after buying an additional 390,587 shares in the last quarter. BlackRock Inc. raised its stake in shares of Pioneer Natural Resources by 2,397.3% in the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. FMR LLC raised its stake in shares of Pioneer Natural Resources by 18.3% in the 1st quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after buying an additional 1,304,274 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Pioneer Natural Resources by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Pioneer Natural Resources by 48.5% in the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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Pioneer Natural Resources Company (NYSE PXD) traded down 0.93% during mid-day trading on Friday, hitting $135.65. 731,964 shares of the stock were exchanged. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a market capitalization of $23.07 billion, a PE ratio of 136.88 and a beta of 0.94. The stock has a 50 day moving average price of $135.61 and a 200 day moving average price of $163.54.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm earned ($0.22) earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities analysts anticipate that Pioneer Natural Resources Company will post $1.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 8.16%.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group restated an “outperform” rating and issued a $236.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, June 2nd. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets dropped their price objective on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $204.40.

In other news, VP Teresa A. Fairbrook sold 880 shares of the company’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 transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Kenneth Thompson bought 750 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders have bought 1,200 shares of company stock worth $161,102 over the last ninety days. 0.89% of the stock is owned by insiders.

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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