First Quadrant L P CA trimmed its holdings in Pioneer Natural Resources (NYSE:PXD) by 57.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 879 shares of the oil and gas development company’s stock after selling 1,165 shares during the quarter. First Quadrant L P CA’s holdings in Pioneer Natural Resources were worth $134,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of PXD. Lindbrook Capital LLC purchased a new stake in Pioneer Natural Resources during the 4th quarter valued at $31,000. Canton Hathaway LLC purchased a new stake in Pioneer Natural Resources in the first quarter worth $38,000. Executive Wealth Management LLC purchased a new stake in Pioneer Natural Resources in the fourth quarter worth $38,000. JOYN Advisors Inc. increased its stake in Pioneer Natural Resources by 73.8% in the fourth quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock worth $47,000 after purchasing an additional 152 shares during the period. Finally, Captrust Financial Advisors increased its stake in Pioneer Natural Resources by 72.0% in the fourth quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock worth $48,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.
Several brokerages have recently commented on PXD. KeyCorp raised their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Mizuho lowered Pioneer Natural Resources from a “buy” rating to a “neutral” rating and cut their price target for the company from $206.00 to $158.00 in a research note on Tuesday, March 19th. Barclays restated a “buy” rating and set a $217.00 price target on shares of Pioneer Natural Resources in a research note on Wednesday, April 10th. SunTrust Banks set a $205.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley set a $185.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $206.30.
In related news, CAO Margaret Montemayor sold 888 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.
Shares of NYSE:PXD traded down $4.76 during trading on Wednesday, hitting $153.15. The stock had a trading volume of 1,325,650 shares, compared to its average volume of 1,929,466. Pioneer Natural Resources has a 12-month low of $119.08 and a 12-month high of $201.63. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 0.96 and a beta of 1.02. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. As a group, equities analysts anticipate that Pioneer Natural Resources will post 8.95 EPS for the current fiscal year.
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.
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