Factory Mutual Insurance Co. Raises Position in Pioneer Natural Resources (PXD)

Factory Mutual Insurance Co. increased its holdings in Pioneer Natural Resources (NYSE:PXD) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,600 shares of the oil and gas development company’s stock after buying an additional 30,000 shares during the quarter. Factory Mutual Insurance Co. owned about 0.15% of Pioneer Natural Resources worth $44,008,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PXD. Capital World Investors increased its holdings in Pioneer Natural Resources by 45.4% in the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares during the period. Point72 Asset Management L.P. increased its holdings in Pioneer Natural Resources by 2,357.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after buying an additional 709,663 shares during the period. Janus Henderson Group PLC increased its holdings in Pioneer Natural Resources by 1,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after buying an additional 530,517 shares during the period. First Eagle Investment Management LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter worth approximately $75,317,000. Finally, Fred Alger Management Inc. boosted its position in Pioneer Natural Resources by 99.2% in the 2nd quarter. Fred Alger Management Inc. now owns 939,216 shares of the oil and gas development company’s stock worth $149,880,000 after purchasing an additional 467,700 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down $0.82 during trading hours on Tuesday, hitting $185.37. The stock had a trading volume of 518,745 shares, compared to its average volume of 1,500,000. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83. The stock has a market cap of $31,530.00, a price-to-earnings ratio of 253.93, a price-to-earnings-growth ratio of 4.81 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue was up 23.1% on a year-over-year basis. analysts forecast that Pioneer Natural Resources will post 1.64 earnings per share for the current year.

PXD has been the topic of several recent research reports. Piper Jaffray Companies restated a “buy” rating and issued a $207.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada set a $201.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $193.80.

In other news, EVP Mark Stephen Berg sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $154.47, for a total transaction of $308,940.00. Following the transaction, the executive vice president now owns 48,719 shares in the company, valued at approximately $7,525,623.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock worth $6,976,992 in the last quarter. Insiders own 0.89% of the company’s stock.

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About Pioneer Natural Resources

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

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