Nikko Asset Management Americas Inc. lifted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 28.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,295 shares of the oil and gas development company’s stock after buying an additional 8,617 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Pioneer Natural Resources were worth $5,984,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new stake in Pioneer Natural Resources in the 4th quarter valued at $31,000. Canton Hathaway LLC acquired a new stake in Pioneer Natural Resources in the 1st quarter valued at $38,000. Executive Wealth Management LLC acquired a new stake in Pioneer Natural Resources in the 4th quarter valued at $38,000. JOYN Advisors Inc. increased its holdings in Pioneer Natural Resources by 73.8% in the 4th quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock valued at $47,000 after purchasing an additional 152 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Pioneer Natural Resources by 72.0% in the 4th quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock valued at $48,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.
Shares of PXD stock traded up $1.42 during trading hours on Friday, hitting $147.00. 1,339,438 shares of the company were exchanged, compared to its average volume of 1,989,264. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $201.63. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 0.96 and a beta of 1.02.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that Pioneer Natural Resources will post 9.04 EPS for the current year.
In other news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction dated Friday, May 10th. The shares were 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 SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.
Several brokerages recently issued reports on PXD. KeyCorp increased their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Mizuho downgraded Pioneer Natural Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $206.00 to $158.00 in a report on Tuesday, March 19th. Barclays reiterated a “buy” rating and issued a $217.00 price target on shares of Pioneer Natural Resources in a report on Wednesday, April 10th. SunTrust Banks set a $205.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley set a $185.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $205.68.
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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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