Czech National Bank Decreases Stock Position in Pioneer Natural Resources (NYSE:PXD)

Czech National Bank cut its position in Pioneer Natural Resources (NYSE:PXD) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,672 shares of the oil and gas development company’s stock after selling 319 shares during the quarter. Czech National Bank’s holdings in Pioneer Natural Resources were worth $5,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tradewinds Capital Management LLC increased its position in shares of Pioneer Natural Resources by 148.3% during the first quarter. Tradewinds Capital Management LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Pioneer Natural Resources by 77.4% in the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 65 shares during the last quarter. Carmichael Hill & Associates Inc. increased its stake in shares of Pioneer Natural Resources by 175.0% in the first quarter. Carmichael Hill & Associates Inc. now owns 165 shares of the oil and gas development company’s stock worth $34,000 after buying an additional 105 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in Pioneer Natural Resources in the first quarter valued at $42,000. Finally, HHM Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the 1st quarter valued at $35,000. 82.72% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Natural Resources Stock Down 1.4 %

PXD stock opened at $234.00 on Friday. Pioneer Natural Resources has a 52 week low of $177.26 and a 52 week high of $274.70. The company has a market capitalization of $54.55 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The firm’s 50-day moving average is $229.22 and its two-hundred day moving average is $214.75. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 0.23.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $4.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.68 billion. Pioneer Natural Resources had a return on equity of 25.53% and a net margin of 28.46%. On average, analysts forecast that Pioneer Natural Resources will post 20.43 earnings per share for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be given a $1.84 dividend. This represents a $7.36 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, September 5th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 21.31%.

Analyst Ratings Changes

PXD has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Pioneer Natural Resources from $227.00 to $239.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Morgan Stanley increased their target price on Pioneer Natural Resources from $219.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, August 18th. Evercore ISI lowered their price target on Pioneer Natural Resources from $253.00 to $243.00 in a report on Monday, July 10th. StockNews.com initiated coverage on Pioneer Natural Resources in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $251.00 to $264.00 in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Pioneer Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of $262.80.

Pioneer Natural Resources 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 in the Midland Basin in West Texas. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.