Bessemer Group Inc. Increases Stake in Pioneer Natural Resources (NYSE:PXD)

Bessemer Group Inc. increased its stake in Pioneer Natural Resources (NYSE:PXD) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 869,184 shares of the oil and gas development company’s stock after acquiring an additional 24,283 shares during the quarter. Bessemer Group Inc. owned about 0.51% of Pioneer Natural Resources worth $151,404,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kiley Juergens Wealth Management LLC increased its holdings in shares of Pioneer Natural Resources by 159.5% during the third quarter. Kiley Juergens Wealth Management LLC now owns 768 shares of the oil and gas development company’s stock valued at $133,000 after acquiring an additional 472 shares in the last quarter. Bradley Foster & Sargent Inc. CT bought a new stake in shares of Pioneer Natural Resources during the second quarter valued at approximately $207,000. Welch & Forbes LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $218,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $227,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Pioneer Natural Resources during the third quarter valued at approximately $227,000. 87.14% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on PXD. TheStreet cut Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, August 7th. Imperial Capital cut their target price on Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th. Seaport Global Securities cut Pioneer Natural Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $230.00 to $210.00 in a research report on Wednesday, October 10th. Williams Capital reaffirmed a “hold” rating and set a $226.00 target price on shares of Pioneer Natural Resources in a research report on Wednesday, August 8th. Finally, Citigroup cut their target price on Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and an average target price of $231.58.

Shares of NYSE:PXD traded up $5.63 during midday trading on Monday, reaching $153.38. 1,500,210 shares of the company traded hands, compared to its average volume of 1,542,512. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.20. Pioneer Natural Resources has a 12 month low of $140.54 and a 12 month high of $213.40. The firm has a market cap of $25.19 billion, a price-to-earnings ratio of 71.01, a PEG ratio of 1.70 and a beta of 1.11.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.38. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 112.2% compared to the same quarter last year. Equities analysts predict that Pioneer Natural Resources will post 7.17 EPS for the current fiscal year.

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

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