Mitchell Capital Management Co. bought a new stake in Pioneer Natural Resources Co. (NYSE:PXD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,130 shares of the oil and gas development company’s stock, valued at approximately $6,522,000. Pioneer Natural Resources comprises 2.6% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 22nd largest position.
A number of other large investors have also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. purchased a new stake in Pioneer Natural Resources during the first quarter valued at $137,000. Park Avenue Institutional Advisers LLC raised its stake in Pioneer Natural Resources by 4.3% in the first quarter. Park Avenue Institutional Advisers LLC now owns 1,017 shares of the oil and gas development company’s stock valued at $143,000 after buying an additional 42 shares during the period. Checchi Capital Advisers LLC raised its stake in Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock valued at $155,000 after buying an additional 22 shares during the period. Robotti Robert purchased a new stake in Pioneer Natural Resources during the first quarter valued at $203,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Pioneer Natural Resources during the second quarter valued at $225,000. Institutional investors own 93.53% of the company’s stock.
Pioneer Natural Resources Co. (NYSE:PXD) traded down 0.90% during midday trading on Monday, hitting $184.28. 1,173,947 shares of the stock were exchanged. The company’s 50 day moving average is $182.51 and its 200-day moving average is $164.76. The stock’s market cap is $31.26 billion. Pioneer Natural Resources Co. has a 1-year low of $103.50 and a 1-year high of $193.39.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.12. Pioneer Natural Resources had a negative net margin of 10.75% and a negative return on equity of 1.79%. The firm had revenue of $786 million for the quarter, compared to the consensus estimate of $797.28 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources Co. will post ($0.25) earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, September 28th. Pioneer Natural Resources’s payout ratio is -2.52%.
PXD has been the topic of several analyst reports. JPMorgan Chase & Co. set a $190.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Monday, August 1st. KLR Group restated a “buy” rating and set a $238.00 price objective (up from $218.00) on shares of Pioneer Natural Resources in a report on Sunday, July 31st. Canaccord Genuity restated a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, July 29th. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $179.66.
In related news, COO Timothy L. Dove sold 57,363 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $176.29, for a total value of $10,112,523.27. Following the sale, the chief operating officer now directly owns 289,693 shares of the company’s stock, valued at $51,069,978.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank A. Risch sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $185.08, for a total transaction of $92,540.00. Following the completion of the sale, the director now directly owns 11,156 shares in the company, valued at $2,064,752.48. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.
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