British Airways Pensions Investment Management Ltd trimmed its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 84,187 shares of the oil and gas development company’s stock after selling 84 shares during the quarter. British Airways Pensions Investment Management Ltd’s holdings in Pioneer Natural Resources were worth $11,081,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of PXD. Lindbrook Capital LLC purchased a new stake in Pioneer Natural Resources during the 4th quarter valued at $31,000. JOYN Advisors Inc. boosted its stake in Pioneer Natural Resources by 73.8% during the 4th quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock valued at $47,000 after purchasing an additional 152 shares during the last quarter. Captrust Financial Advisors boosted its stake in Pioneer Natural Resources by 72.0% during the 4th quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock valued at $48,000 after purchasing an additional 152 shares during the last quarter. We Are One Seven LLC purchased a new stake in Pioneer Natural Resources during the 4th quarter valued at $58,000. Finally, Parallel Advisors LLC boosted its stake in Pioneer Natural Resources by 56.0% during the 4th quarter. Parallel Advisors LLC now owns 563 shares of the oil and gas development company’s stock valued at $74,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
Shares of Pioneer Natural Resources stock opened at $145.59 on Friday. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $213.40. The firm has a market capitalization of $23.27 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.84 and a beta of 0.98. The company has a current ratio of 1.42, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19.
The business also recently announced a semiannual dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.32 dividend. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.16. This represents a yield of 0.45%. The ex-dividend date of this dividend is Thursday, March 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 5.07%.
Pioneer Natural Resources announced that its board has approved a share buyback plan on Thursday, December 13th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the oil and gas development company to purchase up to 8.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several analysts have commented on PXD shares. Seaport Global Securities upgraded Pioneer Natural Resources from a “neutral” rating to a “buy” rating and increased their target price for the company from $210.00 to $215.00 in a research note on Monday, December 10th. Morgan Stanley set a $185.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, January 29th. Raymond James set a $250.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Barclays set a $190.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 16th. Finally, SunTrust Banks restated a “buy” rating and issued a $215.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, November 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $213.41.
In related news, Director Andrew F. Cates bought 790 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were bought at an average cost of $124.27 per share, with a total value of $98,173.30. Following the acquisition, the director now owns 13,370 shares in the company, valued at $1,661,489.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by company insiders.
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Pioneer Natural Resources 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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