Public Employees Retirement Association of Colorado Boosts Holdings in Pioneer Natural Resources (PXD)

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Public Employees Retirement Association of Colorado boosted its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 113,053 shares of the oil and gas development company’s stock after purchasing an additional 1,512 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Pioneer Natural Resources were worth $17,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at $31,000. Canton Hathaway LLC bought a new position in Pioneer Natural Resources during the first quarter worth $38,000. Executive Wealth Management LLC bought a new position in Pioneer Natural Resources during the fourth quarter worth $38,000. JOYN Advisors Inc. boosted its stake in Pioneer Natural Resources by 73.8% during the fourth quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock worth $47,000 after acquiring an additional 152 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Pioneer Natural Resources by 72.0% during the fourth quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock worth $48,000 after acquiring an additional 152 shares in the last quarter. 89.16% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on PXD. ValuEngine lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet raised shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. SunTrust Banks set a $205.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. KeyCorp increased their target price on shares of Pioneer Natural Resources from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Macquarie raised shares of Pioneer Natural Resources from a “neutral” rating to an “outperform” rating and set a $168.32 target price on the stock in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $206.83.

Shares of PXD stock traded up $2.80 on Friday, hitting $156.27. The stock had a trading volume of 14,369 shares, compared to its average volume of 1,936,000. The company has a market cap of $26.20 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.29. Pioneer Natural Resources has a 12-month low of $119.08 and a 12-month high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.30). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Pioneer Natural Resources had a net margin of 10.40% and a return on equity of 9.25%. The business’s revenue for the quarter was up 75.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. As a group, research analysts expect that Pioneer Natural Resources will post 8.1 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.32 dividend. The ex-dividend date was Thursday, March 28th. This represents a dividend yield of 0.45%. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio is currently 10.14%.

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

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