Pioneer Natural Resources Company (PXD) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. decreased its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 38.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,698 shares of the oil and gas development company’s stock after selling 1,042 shares during the period. First Allied Advisory Services Inc.’s holdings in Pioneer Natural Resources were worth $269,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Commonwealth Bank of Australia boosted its position in Pioneer Natural Resources by 10.8% in the second 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 during the last quarter. BDO Wealth Advisors LLC purchased a new stake in Pioneer Natural Resources in the second quarter valued at approximately $120,000. Oppenheimer Asset Management Inc. purchased a new stake in Pioneer Natural Resources in the first quarter valued at approximately $172,000. Almanack Investment Partners LLC. purchased a new stake in Pioneer Natural Resources in the first quarter valued at approximately $195,000. Finally, Grove Bank & Trust boosted its position in Pioneer Natural Resources by 112.3% in the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after buying an additional 620 shares during the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.

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Pioneer Natural Resources Company (NYSE:PXD) opened at 150.67 on Wednesday. The company has a 50-day moving average price of $138.68 and a 200 day moving average price of $158.04. The firm has a market capitalization of $25.63 billion, a P/E ratio of 152.04 and a beta of 0.94. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) earnings per share. Analysts expect that Pioneer Natural Resources Company will post $1.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is currently 8.16%.

A number of equities research analysts recently commented on PXD shares. Piper Jaffray Companies dropped their target price on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Cowen and Company set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $233.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Imperial Capital started coverage on Pioneer Natural Resources in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $201.28.

In related news, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew F. Cates bought 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders purchased 1,200 shares of company stock valued at $161,102 over the last quarter. Insiders own 0.89% of the company’s stock.

Pioneer Natural Resources Company 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.

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

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