LifePro Asset Management Acquires Shares of 71,495 Pioneer Natural Resources (NYSE:PXD)

LifePro Asset Management acquired a new stake in Pioneer Natural Resources (NYSE:PXD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 71,495 shares of the oil and gas development company’s stock, valued at approximately $11,619,000. Pioneer Natural Resources accounts for about 3.4% of LifePro Asset Management’s investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Pioneer Natural Resources by 1.7% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 3,540 shares of the oil and gas development company’s stock worth $562,000 after acquiring an additional 60 shares during the period. Advisor Partners LLC lifted its holdings in shares of Pioneer Natural Resources by 1.8% during the 1st quarter. Advisor Partners LLC now owns 3,784 shares of the oil and gas development company’s stock worth $601,000 after acquiring an additional 67 shares during the period. Quest Capital Management Inc. ADV lifted its holdings in shares of Pioneer Natural Resources by 2.2% during the 2nd quarter. Quest Capital Management Inc. ADV now owns 3,349 shares of the oil and gas development company’s stock worth $544,000 after acquiring an additional 73 shares during the period. IFP Advisors Inc lifted its holdings in shares of Pioneer Natural Resources by 13.2% during the 2nd quarter. IFP Advisors Inc now owns 671 shares of the oil and gas development company’s stock worth $109,000 after acquiring an additional 78 shares during the period. Finally, Sowell Financial Services LLC lifted its holdings in shares of Pioneer Natural Resources by 5.4% during the 1st quarter. Sowell Financial Services LLC now owns 1,730 shares of the oil and gas development company’s stock worth $285,000 after acquiring an additional 88 shares during the period. 86.80% of the stock is owned by hedge funds and other institutional investors.

PXD has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Pioneer Natural Resources from $224.00 to $231.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Barclays increased their price target on Pioneer Natural Resources from $193.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 3rd. Morgan Stanley dropped their price target on 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. Raymond James increased their price target on Pioneer Natural Resources from $245.00 to $253.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 27th. Finally, The Goldman Sachs Group upgraded Pioneer Natural Resources from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, September 9th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $191.57.

NYSE PXD traded up $5.75 during trading hours on Wednesday, reaching $158.70. 175,021 shares of the company were exchanged, compared to its average volume of 2,471,618. Pioneer Natural Resources has a 1 year low of $76.58 and a 1 year high of $175.37. The business’s 50 day simple moving average is $148.49 and its 200-day simple moving average is $154.82. 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 stock has a market capitalization of $38.72 billion, a P/E ratio of 118.11, a P/E/G ratio of 1.40 and a beta of 1.93.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Sunday, August 1st. The oil and gas development company reported $2.55 earnings per share (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 analysts’ expectations of $3.47 billion. During the same quarter last year, the business posted ($0.32) EPS. The business’s quarterly revenue was up 298.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Pioneer Natural Resources will post 12.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Thursday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.41%. Pioneer Natural Resources’s payout ratio is 368.29%.

Pioneer Natural Resources Company 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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