FineMark National Bank & Trust raised its position in Pioneer Natural Resources (NYSE:PXD) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,081 shares of the oil and gas development company’s stock after acquiring an additional 483 shares during the quarter. FineMark National Bank & Trust’s holdings in Pioneer Natural Resources were worth $2,906,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its position in Pioneer Natural Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 744,629 shares of the oil and gas development company’s stock worth $129,706,000 after purchasing an additional 15,319 shares during the period. Morgan Stanley increased its position in Pioneer Natural Resources by 6.8% during the 3rd quarter. Morgan Stanley now owns 1,026,609 shares of the oil and gas development company’s stock worth $178,825,000 after purchasing an additional 65,096 shares during the period. Gateway Investment Advisers LLC increased its position in Pioneer Natural Resources by 13.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 10,941 shares of the oil and gas development company’s stock worth $1,439,000 after purchasing an additional 1,258 shares during the period. Steward Partners Investment Advisory LLC increased its position in Pioneer Natural Resources by 7.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,312 shares of the oil and gas development company’s stock worth $1,224,000 after purchasing an additional 661 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Pioneer Natural Resources during the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
PXD has been the topic of a number of research reports. Raymond James set a $250.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Morgan Stanley set a $185.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, January 29th. Mitsubishi UFJ Financial Group upped their price target on Pioneer Natural Resources to $227.00 and gave the stock an “overweight” rating in a report on Monday, February 4th. Imperial Capital set a $198.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, February 8th. Finally, Credit Suisse Group lowered their price target on Pioneer Natural Resources from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, February 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $206.30.
Shares of NYSE:PXD opened at $154.27 on Friday. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 0.97 and a beta of 1.02. 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 $213.40.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. The firm had revenue of $2.41 billion for 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%. Pioneer Natural Resources’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, equities research analysts forecast that Pioneer Natural Resources will post 8.84 earnings per share for the current year.
In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction 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 SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.
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Pioneer Natural Resources Company Profile
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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