Shelton Capital Management acquired a new stake in Pioneer Natural Resources (NYSE:PXD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,287 shares of the oil and gas development company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its stake in Pioneer Natural Resources by 1.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock worth $36,561,000 after buying an additional 4,040 shares during the period. Point72 Asset Management L.P. boosted its stake in Pioneer Natural Resources by 2,357.7% during the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after buying an additional 709,663 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Pioneer Natural Resources by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock worth $83,526,000 after buying an additional 26,050 shares during the period. Alyeska Investment Group L.P. boosted its stake in Pioneer Natural Resources by 25.0% during the third quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock worth $25,362,000 after buying an additional 34,342 shares during the period. Finally, Ashburton Jersey Ltd boosted its stake in Pioneer Natural Resources by 87.3% during the third quarter. Ashburton Jersey Ltd now owns 17,034 shares of the oil and gas development company’s stock worth $2,513,000 after buying an additional 7,940 shares during the period. 90.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Pioneer Natural Resources (PXD) opened at $165.05 on Monday. The firm has a market cap of $28,085.78, a P/E ratio of 76.41, a P/E/G ratio of 2.84 and a beta of 0.92. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.63. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The firm’s revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. equities analysts forecast that Pioneer Natural Resources will post 5.39 EPS for the current year.

Pioneer Natural Resources announced that its board has authorized a share repurchase program on Tuesday, February 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.16 dividend. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 1.65%.

In related news, CEO Timothy L. Dove sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $159.51, for a total value of $159,510.00. Following the sale, the chief executive officer now owns 259,083 shares of the company’s stock, valued at $41,326,329.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total transaction of $279,414.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,106 shares of company stock worth $4,444,339. 0.89% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $238.00 target price on shares of Pioneer Natural Resources in a research note on Thursday. SunTrust Banks lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Tuesday, February 6th. Stifel Nicolaus set a $260.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, February 7th. Imperial Capital raised their price objective on shares of Pioneer Natural Resources from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Piper Jaffray Companies set a $226.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $207.88.

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

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