Icon Advisers Inc. Co. increased its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 44.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,200 shares of the oil and gas development company’s stock after acquiring an additional 17,400 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Pioneer Natural Resources were worth $9,789,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new position in Pioneer Natural Resources in the 2nd quarter valued at about $127,000. Kiley Juergens Wealth Management LLC increased its holdings in Pioneer Natural Resources by 159.5% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 768 shares of the oil and gas development company’s stock valued at $133,000 after buying an additional 472 shares during the period. Bradley Foster & Sargent Inc. CT bought a new position in Pioneer Natural Resources in the 2nd quarter valued at about $207,000. Welch & Forbes LLC bought a new position in Pioneer Natural Resources in the 2nd quarter valued at about $218,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in Pioneer Natural Resources in the 2nd quarter valued at about $227,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.
NYSE:PXD opened at $148.52 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.09. Pioneer Natural Resources has a one year low of $140.54 and a one year high of $213.40. The company has a market cap of $25.03 billion, a P/E ratio of 68.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 27th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a yield of 0.43%. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.
Several equities analysts have commented on PXD shares. Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. KLR Group raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $212.00 to $254.00 in a report on Tuesday, July 24th. Mizuho initiated coverage on shares of Pioneer Natural Resources in a report on Monday, July 23rd. They issued a “buy” rating and a $259.00 target price on the stock. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 price target on the stock in a research note on Monday, July 23rd. Finally, Jefferies Financial Group set a $244.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $235.96.
Pioneer Natural Resources Company 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 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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