Rosenbaum Jay D. Grows Stock Position in Pioneer Natural Resources (NYSE:PXD)

Rosenbaum Jay D. increased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 5.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,495 shares of the oil and gas development company’s stock after purchasing an additional 185 shares during the quarter. Rosenbaum Jay D.’s holdings in Pioneer Natural Resources were worth $538,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PXD. Boston Partners raised its position in shares of Pioneer Natural Resources by 28.8% during the 1st quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock valued at $547,679,000 after buying an additional 804,760 shares during the period. Primecap Management Co. CA raised its position in shares of Pioneer Natural Resources by 90.6% during the 1st quarter. Primecap Management Co. CA now owns 1,367,296 shares of the oil and gas development company’s stock valued at $208,212,000 after buying an additional 649,746 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Pioneer Natural Resources by 95.4% during the 1st quarter. CIBC Private Wealth Group LLC now owns 802,525 shares of the oil and gas development company’s stock valued at $122,208,000 after buying an additional 391,775 shares during the period. Clearbridge Investments LLC raised its position in shares of Pioneer Natural Resources by 11.7% during the 1st quarter. Clearbridge Investments LLC now owns 3,177,174 shares of the oil and gas development company’s stock valued at $483,820,000 after buying an additional 334,024 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Pioneer Natural Resources by 24.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,119,088 shares of the oil and gas development company’s stock valued at $147,184,000 after buying an additional 217,216 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on PXD. ValuEngine lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. SunTrust Banks reduced their price target on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. S&P Equity Research reaffirmed an “overweight” rating and set a $205.00 price target (up previously from $185.00) on shares of Pioneer Natural Resources in a research report on Wednesday, May 8th. Imperial Capital reduced their price target on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, TD Securities reduced their price target on shares of Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $196.01.

Shares of NYSE:PXD traded up $0.58 during trading on Thursday, hitting $123.30. The company’s stock had a trading volume of 539,956 shares, compared to its average volume of 1,806,822. The firm’s 50 day simple moving average is $138.09. The stock has a market cap of $21.19 billion, a P/E ratio of 19.54, a PEG ratio of 0.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.76. Pioneer Natural Resources has a fifty-two week low of $114.79 and a fifty-two week high of $189.78.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.13. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. On average, equities analysts predict that Pioneer Natural Resources will post 8.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be paid a $0.44 dividend. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.76 annualized dividend and a dividend yield of 1.43%. Pioneer Natural Resources’s payout ratio is 10.14%.

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

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