Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in shares of Pioneer Natural Resources (NYSE:PXD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,500 shares of the oil and gas development company’s stock, valued at approximately $228,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Samlyn Capital LLC lifted its position in Pioneer Natural Resources by 40.1% during the fourth quarter. Samlyn Capital LLC now owns 204,408 shares of the oil and gas development company’s stock valued at $26,883,000 after purchasing an additional 58,467 shares during the period. Hodges Capital Management Inc. acquired a new position in Pioneer Natural Resources during the first quarter valued at $206,000. Suntrust Banks Inc. lifted its position in Pioneer Natural Resources by 880.8% during the fourth quarter. Suntrust Banks Inc. now owns 39,643 shares of the oil and gas development company’s stock valued at $5,214,000 after purchasing an additional 35,601 shares during the period. Empire Life Investments Inc. lifted its position in Pioneer Natural Resources by 11.5% during the first quarter. Empire Life Investments Inc. now owns 104,251 shares of the oil and gas development company’s stock valued at $15,875,000 after purchasing an additional 10,722 shares during the period. Finally, S&CO Inc. lifted its position in Pioneer Natural Resources by 4.7% during the first quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock valued at $19,007,000 after purchasing an additional 5,580 shares during the period. 89.22% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CAO Margaret Montemayor sold 888 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by corporate insiders.
Shares of PXD traded down $0.26 during mid-day trading on Friday, hitting $154.83. 8,084 shares of the company were exchanged, compared to its average volume of 2,032,246. Pioneer Natural Resources has a 1-year low of $119.08 and a 1-year high of $213.40. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. The company has a market cap of $25.51 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.02.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that Pioneer Natural Resources will post 8.85 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Pioneer Natural Resources from $184.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday. S&P Equity Research restated an “overweight” rating and set a $205.00 target price (up from $185.00) on shares of Pioneer Natural Resources in a research report on Wednesday, May 8th. Imperial Capital decreased their target price on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, TheStreet upgraded shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $206.30.
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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