Augustine Asset Management Inc. increased its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,335 shares of the oil and gas development company’s stock after buying an additional 1,363 shares during the period. Pioneer Natural Resources makes up about 1.8% of Augustine Asset Management Inc.’s holdings, making the stock its 22nd largest position. Augustine Asset Management Inc.’s holdings in Pioneer Natural Resources were worth $2,925,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PXD. Quadrature Capital Ltd boosted its position in Pioneer Natural Resources by 663.5% in the fourth quarter. Quadrature Capital Ltd now owns 24,898 shares of the oil and gas development company’s stock worth $4,484,000 after buying an additional 21,637 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Pioneer Natural Resources by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 409,994 shares of the oil and gas development company’s stock worth $73,828,000 after buying an additional 1,426 shares during the last quarter. USA Financial Portformulas Corp bought a new position in Pioneer Natural Resources during the fourth quarter worth approximately $2,508,000. Kentucky Retirement Systems bought a new position in Pioneer Natural Resources during the fourth quarter worth approximately $2,218,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Pioneer Natural Resources during the fourth quarter worth approximately $989,000. 92.62% of the stock is currently owned by institutional investors.
Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down 0.92% during midday trading on Friday, hitting $134.02. The company had a trading volume of 1,500,121 shares. The stock’s 50-day moving average price is $154.62 and its 200-day moving average price is $172.69. Pioneer Natural Resources Company has a 12 month low of $128.50 and a 12 month high of $199.83. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 135.24 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, equities research analysts forecast that Pioneer Natural Resources Company will post $1.13 EPS for the current year.
PXD has been the topic of a number of recent analyst reports. Barclays PLC reaffirmed a “buy” rating and issued a $196.00 target price (down previously from $204.00) on shares of Pioneer Natural Resources in a research report on Thursday, April 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $230.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, April 25th. Scotiabank reiterated a “buy” rating and set a $245.00 price target on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Williams Capital set a $200.00 price target on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Thursday, May 4th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $211.90.
In related news, EVP Chris J. Cheatwood sold 5,749 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the transaction, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.92% of the company’s stock.
About Pioneer Natural Resources
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.
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