Andra AP fonden lifted its stake in Pioneer Natural Resources (NYSE:PXD) by 5.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,100 shares of the oil and gas development company’s stock after acquiring an additional 1,500 shares during the period. Andra AP fonden’s holdings in Pioneer Natural Resources were worth $3,660,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PXD. NEXT Financial Group Inc grew its holdings in Pioneer Natural Resources by 417.7% in the 2nd quarter. NEXT Financial Group Inc now owns 585 shares of the oil and gas development company’s stock valued at $90,000 after buying an additional 472 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Pioneer Natural Resources by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,985 shares of the oil and gas development company’s stock valued at $1,382,000 after buying an additional 172 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Pioneer Natural Resources by 44.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 41,320 shares of the oil and gas development company’s stock valued at $6,360,000 after buying an additional 12,809 shares during the last quarter. AE Wealth Management LLC acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at approximately $201,000. Finally, Confluence Investment Management LLC acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at approximately $209,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PXD opened at $126.78 on Tuesday. Pioneer Natural Resources has a 1-year low of $114.79 and a 1-year high of $178.22. The firm has a market capitalization of $21.18 billion, a PE ratio of 20.09, a PEG ratio of 0.94 and a beta of 1.21. The business’s 50 day moving average is $130.14 and its 200-day moving average is $135.08. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.03). The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. Pioneer Natural Resources’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 EPS. On average, sell-side analysts predict that Pioneer Natural Resources will post 8.07 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio is 13.95%.

PXD has been the topic of a number of research analyst reports. Scotiabank initiated coverage on Pioneer Natural Resources in a report on Tuesday, November 12th. They issued a “sector perform” rating and a $154.00 target price on the stock. Howard Weil initiated coverage on Pioneer Natural Resources in a report on Wednesday, November 13th. They issued a “sector perform” rating on the stock. KeyCorp raised their target price on Pioneer Natural Resources from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley lowered their target price on Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. Finally, Williams Capital reaffirmed a “buy” rating and issued a $190.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $184.80.

In related news, EVP Chris J. Cheatwood sold 5,619 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $140.35, for a total value of $788,626.65. Following the sale, the executive vice president now owns 39,027 shares of the company’s stock, valued at approximately $5,477,439.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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.

See Also: Market Capitalization

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

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