Armstrong Shaw Associates Inc. CT reduced its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 63.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,779 shares of the oil and gas development company’s stock after selling 27,115 shares during the period. Pioneer Natural Resources comprises approximately 2.1% of Armstrong Shaw Associates Inc. CT’s portfolio, making the stock its 26th biggest holding. Armstrong Shaw Associates Inc. CT’s holdings in Pioneer Natural Resources were worth $2,328,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. GWM Advisors LLC bought a new stake in Pioneer Natural Resources in the 2nd quarter worth about $100,000. Commonwealth Bank of Australia lifted its position in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the 2nd quarter valued at about $120,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Pioneer Natural Resources during the 1st quarter valued at about $172,000. Finally, WFG Advisors LP lifted its position in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.
A number of research analysts recently commented on PXD shares. Citigroup Inc. lowered their price target on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Cowen and Company set a $210.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $214.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $194.07.
In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders have sold a total of 16,690 shares of company stock valued at $2,647,483 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
Pioneer Natural Resources Company (PXD) traded down $2.01 during mid-day trading on Tuesday, hitting $156.92. The stock had a trading volume of 1,266,300 shares, compared to its average volume of 1,891,657. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The stock has a market cap of $26,080.00, a PE ratio of 111.14, a P/E/G ratio of 11.11 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. equities analysts forecast that Pioneer Natural Resources Company will post 1.4 earnings per share for the current year.
Pioneer Natural Resources Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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