Yaupon Capital Management LP Takes Position in Pioneer Natural Resources (NYSE:PXD)

Yaupon Capital Management LP bought a new position in Pioneer Natural Resources (NYSE:PXD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,898 shares of the oil and gas development company’s stock, valued at approximately $5,642,000. Pioneer Natural Resources makes up about 3.7% of Yaupon Capital Management LP’s portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC acquired a new position in shares of Pioneer Natural Resources in the 4th quarter worth approximately $31,000. JOYN Advisors Inc. grew its position in shares of Pioneer Natural Resources by 73.8% in the 4th quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock worth $47,000 after acquiring an additional 152 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Pioneer Natural Resources by 72.0% in the 4th quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock worth $48,000 after acquiring an additional 152 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of Pioneer Natural Resources in the 4th quarter worth approximately $58,000. Finally, Parallel Advisors LLC grew its position in shares of Pioneer Natural Resources by 56.0% in the 4th quarter. Parallel Advisors LLC now owns 563 shares of the oil and gas development company’s stock worth $74,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Shares of PXD traded down $0.58 during midday trading on Monday, reaching $167.74. The stock had a trading volume of 3,256,806 shares, compared to its average volume of 1,897,698. Pioneer Natural Resources has a 52 week low of $119.08 and a 52 week high of $213.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.29 and a current ratio of 1.42. The company has a market capitalization of $25.43 billion, a PE ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 0.99.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, February 13th. The oil and gas development company reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.30). Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 75.4% on a year-over-year basis. On average, equities research analysts forecast that Pioneer Natural Resources will post 7.55 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.32 dividend. This represents a dividend yield of 0.45%. The ex-dividend date was Thursday, March 28th. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.16. Pioneer Natural Resources’s payout ratio is currently 10.14%.

Several research analysts have recently commented on the company. Macquarie upgraded Pioneer Natural Resources from a “neutral” rating to an “outperform” rating and set a $168.32 target price for the company in a research report on Monday. Goldman Sachs Group lowered Pioneer Natural Resources to a “buy” rating in a research report on Friday. ValuEngine upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays restated a “buy” rating and set a $217.00 price objective on shares of Pioneer Natural Resources in a research report on Wednesday, April 10th. Finally, Citigroup initiated coverage on Pioneer Natural Resources in a research report on Tuesday, April 9th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $210.91.

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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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