Stephens Investment Management Group LLC Acquires 1,282 Shares of Pioneer Natural Resources (NYSE:PXD)

Stephens Investment Management Group LLC lifted its holdings in Pioneer Natural Resources (NYSE:PXD) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,037 shares of the oil and gas development company’s stock after acquiring an additional 1,282 shares during the period. Stephens Investment Management Group LLC’s holdings in Pioneer Natural Resources were worth $3,237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Motco boosted its stake in Pioneer Natural Resources by 2,542.9% during the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock valued at $28,000 after buying an additional 178 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Pioneer Natural Resources by 224.6% during the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock valued at $30,000 after buying an additional 137 shares during the last quarter. Berman Capital Advisors LLC boosted its stake in Pioneer Natural Resources by 64.9% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. Twin Tree Management LP bought a new position in Pioneer Natural Resources during the first quarter valued at approximately $58,000. Finally, Carroll Financial Associates Inc. boosted its stake in Pioneer Natural Resources by 264.8% during the second quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock valued at $60,000 after buying an additional 286 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

PXD stock traded up $1.60 during midday trading on Friday, reaching $124.61. 1,216,700 shares of the company traded hands, compared to its average volume of 1,886,713. Pioneer Natural Resources has a 52-week low of $114.79 and a 52-week high of $189.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86. The business has a 50 day moving average of $136.95 and a 200-day moving average of $145.64. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 0.68 and a beta of 1.08.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $1.41 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Research analysts anticipate that Pioneer Natural Resources will post 8.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. This represents a $1.76 dividend on an annualized basis and a yield of 1.41%. Pioneer Natural Resources’s dividend payout ratio is 10.14%.

A number of equities analysts recently commented on PXD shares. Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. Wells Fargo & Co increased their price target on Pioneer Natural Resources from $182.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. KeyCorp increased their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, TD Securities dropped their price target on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $196.01.

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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