Tiaa Fsb Grows Position in Pioneer Natural Resources (PXD)

Tiaa Fsb increased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,306 shares of the oil and gas development company’s stock after purchasing an additional 12,546 shares during the quarter. Tiaa Fsb’s holdings in Pioneer Natural Resources were worth $9,982,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PXD. FMR LLC lifted its holdings in shares of Pioneer Natural Resources by 27.9% during the second quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock worth $1,217,012,000 after purchasing an additional 1,401,626 shares during the period. BlackRock Inc. lifted its holdings in shares of Pioneer Natural Resources by 9.1% during the second quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock worth $2,351,423,000 after purchasing an additional 1,032,381 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Pioneer Natural Resources by 892.8% during the second quarter. Bessemer Group Inc. now owns 844,901 shares of the oil and gas development company’s stock worth $159,889,000 after purchasing an additional 759,801 shares during the period. PointState Capital LP acquired a new stake in shares of Pioneer Natural Resources during the second quarter worth about $83,764,000. Finally, Morgan Stanley lifted its holdings in shares of Pioneer Natural Resources by 39.3% during the second quarter. Morgan Stanley now owns 961,513 shares of the oil and gas development company’s stock worth $181,958,000 after purchasing an additional 271,144 shares during the period. 88.80% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on PXD shares. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $194.00 target price for the company in a report on Tuesday. KLR Group raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from $212.00 to $254.00 in a report on Tuesday, July 24th. Seaport Global Securities reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. TD Securities started coverage on Pioneer Natural Resources in a report on Thursday, July 5th. They set a “buy” rating and a $240.00 target price for the company. Finally, Imperial Capital decreased their target price on Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $234.62.

Pioneer Natural Resources stock opened at $167.90 on Friday. The company has a market capitalization of $29.00 billion, a PE ratio of 77.73, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Pioneer Natural Resources has a 12 month low of $140.31 and a 12 month high of $213.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.08). The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%. As a group, equities analysts predict that Pioneer Natural Resources will post 6.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.38%. Pioneer Natural Resources’s payout ratio is 14.81%.

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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