Virtu KCG Holdings LLC lowered its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 79.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,642 shares of the oil and gas development company’s stock after selling 14,316 shares during the period. Virtu KCG Holdings LLC’s holdings in Pioneer Natural Resources were worth $581,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in PXD. EFG Asset Management Americas Corp. purchased a new position in shares of Pioneer Natural Resources in the 1st quarter worth approximately $2,019,000. Westpac Banking Corp lifted its stake in Pioneer Natural Resources by 28.4% in the first quarter. Westpac Banking Corp now owns 22,442 shares of the oil and gas development company’s stock valued at $3,434,000 after purchasing an additional 4,966 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in Pioneer Natural Resources by 20.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,349,786 shares of the oil and gas development company’s stock valued at $251,371,000 after acquiring an additional 225,563 shares during the period. Papp L Roy & Associates raised its holdings in Pioneer Natural Resources by 12.1% during the 1st quarter. Papp L Roy & Associates now owns 39,642 shares of the oil and gas development company’s stock valued at $7,383,000 after acquiring an additional 4,287 shares during the period. Finally, Cadence Capital Management LLC raised its holdings in Pioneer Natural Resources by 7.0% during the 1st quarter. Cadence Capital Management LLC now owns 5,973 shares of the oil and gas development company’s stock valued at $1,112,000 after acquiring an additional 392 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.
In related news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew F. Cates bought 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,200 shares of company stock valued at $161,102. Corporate insiders own 0.89% of the company’s stock.
PXD has been the topic of a number of analyst reports. Williams Capital set a $184.00 target price on shares of Pioneer Natural Resources and gave the company a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company cut shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub upgraded shares of Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $194.75.
Pioneer Natural Resources Company (NYSE:PXD) opened at 145.35 on Wednesday. The stock has a market cap of $24.72 billion, a PE ratio of 146.67 and a beta of 0.94. The company’s 50 day moving average is $140.52 and its 200-day moving average is $157.21. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned ($0.22) EPS. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. Equities research analysts forecast that Pioneer Natural Resources Company will post $1.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.
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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