Syntal Capital Partners LLC Boosts Stock Position in Pioneer Natural Resources (NYSE:PXD)

Syntal Capital Partners LLC grew its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,342 shares of the oil and gas development company’s stock after purchasing an additional 334 shares during the quarter. Pioneer Natural Resources makes up 1.2% of Syntal Capital Partners LLC’s investment portfolio, making the stock its 13th largest holding. Syntal Capital Partners LLC’s holdings in Pioneer Natural Resources were worth $3,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PXD. Sigma Planning Corp bought a new position in shares of Pioneer Natural Resources during the 1st quarter valued at approximately $274,000. Sowell Financial Services LLC grew its position 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 valued at $285,000 after acquiring an additional 88 shares during the period. American International Group Inc. grew its position in shares of Pioneer Natural Resources by 17.8% during the 1st quarter. American International Group Inc. now owns 73,679 shares of the oil and gas development company’s stock valued at $11,702,000 after acquiring an additional 11,110 shares during the period. Advisors Asset Management Inc. grew its position in shares of Pioneer Natural Resources by 24.9% during the 1st quarter. Advisors Asset Management Inc. now owns 16,839 shares of the oil and gas development company’s stock valued at $2,674,000 after acquiring an additional 3,360 shares during the period. Finally, Diversified Trust Co bought a new position in shares of Pioneer Natural Resources during the 1st quarter valued at approximately $256,000. Institutional investors own 86.80% of the company’s stock.

Several research firms recently commented on PXD. Sanford C. Bernstein raised shares of Pioneer Natural Resources from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $156.00 to $202.00 in a report on Monday, June 21st. Raymond James raised their price objective on shares of Pioneer Natural Resources from $245.00 to $253.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 27th. Morgan Stanley cut their price objective on shares of Pioneer Natural Resources from $204.00 to $184.00 and set an “equal weight” rating for the company in a report on Monday, August 23rd. Barclays raised their price objective on shares of Pioneer Natural Resources from $193.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, June 3rd. Finally, KeyCorp raised their price objective on shares of Pioneer Natural Resources from $178.00 to $182.00 and gave the stock an “overweight” rating in a report on Thursday, June 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources currently has an average rating of “Buy” and a consensus price target of $191.57.

Shares of Pioneer Natural Resources stock traded up $4.82 on Monday, hitting $166.85. 46,789 shares of the company traded hands, compared to its average volume of 2,467,131. The company has a market cap of $40.70 billion, a P/E ratio of 120.02, a P/E/G ratio of 1.40 and a beta of 1.93. The firm’s 50-day simple moving average is $148.75 and its 200 day simple moving average is $154.73. Pioneer Natural Resources has a 12-month low of $76.58 and a 12-month high of $175.37. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 0.31.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results 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). The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Pioneer Natural Resources had a return on equity of 7.67% and a net margin of 3.49%. Pioneer Natural Resources’s revenue for the quarter was up 298.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. Analysts predict 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. Investors of record on Thursday, September 30th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, September 29th. Pioneer Natural Resources’s payout ratio is presently 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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