BI Asset Management Fondsmaeglerselskab A S Has $1.79 Million Stock Position in Pioneer Natural Resources (NYSE:PXD)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Pioneer Natural Resources (NYSE:PXDFree Report) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,977 shares of the oil and gas development company’s stock after purchasing an additional 1,352 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Pioneer Natural Resources were worth $1,794,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources in the third quarter valued at approximately $134,558,000. Assenagon Asset Management S.A. boosted its holdings in shares of Pioneer Natural Resources by 610.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock valued at $141,965,000 after acquiring an additional 531,418 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Pioneer Natural Resources during the 4th quarter valued at $96,372,000. International Assets Investment Management LLC grew its position in Pioneer Natural Resources by 20,425.9% during the 4th quarter. International Assets Investment Management LLC now owns 302,757 shares of the oil and gas development company’s stock worth $68,084,000 after acquiring an additional 301,282 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Pioneer Natural Resources in the 4th quarter worth about $61,842,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Scotiabank boosted their price target on Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. StockNews.com assumed coverage on shares of Pioneer Natural Resources in a research report on Wednesday, May 15th. They issued a “hold” rating for the company. Mizuho lifted their price target on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus raised their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $264.10.

Check Out Our Latest Analysis on PXD

Insiders Place Their Bets

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the transaction, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Mark H. Kleinman sold 3,500 shares of Pioneer Natural Resources stock in a transaction on Monday, March 4th. The stock was sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now owns 49,856 shares of the company’s stock, valued at $11,683,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the transaction, the director now owns 462,112 shares in the company, valued at $108,711,848. The disclosure for this sale can be found here. Insiders sold a total of 36,766 shares of company stock worth $9,067,373 in the last quarter. 0.55% of the stock is owned by company insiders.

Pioneer Natural Resources Price Performance

PXD opened at $269.62 on Tuesday. The firm has a 50-day moving average price of $265.93 and a 200-day moving average price of $242.62. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.28.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a net margin of 24.28% and a return on equity of 21.21%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.91 earnings per share. Equities analysts expect that Pioneer Natural Resources will post 22.07 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a yield of 3.80%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 24.70%.

Pioneer Natural Resources Profile

(Free Report)

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. The company was founded in 1997 and is headquartered in Irving, Texas.

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

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