Toronto Dominion Bank Purchases 5,716 Shares of Pioneer Natural Resources (NYSE:PXD)

Toronto Dominion Bank increased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,093 shares of the oil and gas development company’s stock after buying an additional 5,716 shares during the period. Toronto Dominion Bank’s holdings in Pioneer Natural Resources were worth $15,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PXD. Eagle Bay Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter valued at $29,000. Essex Investment Management Co. LLC acquired a new position in Pioneer Natural Resources during the 1st quarter valued at $30,000. Parkside Financial Bank & Trust raised its stake in Pioneer Natural Resources by 82.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 199 shares of the oil and gas development company’s stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. KB Financial Partners LLC acquired a new position in Pioneer Natural Resources during the 1st quarter valued at $35,000. Finally, Column Capital Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter valued at $36,000. 86.80% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PXD opened at $157.05 on Friday. Pioneer Natural Resources has a 12 month low of $76.58 and a 12 month high of $175.37. The company’s 50-day moving average price is $148.49 and its two-hundred day moving average price is $154.92. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm has a market cap of $38.31 billion, a P/E ratio of 116.33, a P/E/G ratio of 1.40 and a beta of 1.93.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Sunday, August 1st. The oil and gas development company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.01). Pioneer Natural Resources had a return on equity of 7.67% and a net margin of 3.49%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the company earned ($0.32) EPS. The firm’s revenue was up 298.0% compared to the same quarter last year. As a group, equities analysts predict that Pioneer Natural Resources will post 12.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, September 29th. Pioneer Natural Resources’s dividend payout ratio is currently 368.29%.

Several equities analysts recently commented on PXD shares. Morgan Stanley cut their target price on shares of Pioneer Natural Resources from $204.00 to $184.00 and set an “equal weight” rating for the company in a research note on Monday, August 23rd. Sanford C. Bernstein upgraded shares of Pioneer Natural Resources from a “market perform” rating to an “outperform” rating and upped their target price for the company from $156.00 to $202.00 in a research note on Monday, June 21st. Citigroup upped their target price on shares of Pioneer Natural Resources from $206.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 13th. Piper Sandler increased their price objective on shares of Pioneer Natural Resources from $216.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 22nd. Finally, Scotiabank upgraded shares of Pioneer Natural Resources from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $175.00 to $185.00 in a research note on Friday, May 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $191.57.

Pioneer Natural Resources Profile

Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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

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