Cambridge Trust Co. Has $10.87 Million Holdings in Pioneer Natural Resources (PXD)

Cambridge Trust Co. boosted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,358 shares of the oil and gas development company’s stock after purchasing an additional 1,394 shares during the period. Cambridge Trust Co.’s holdings in Pioneer Natural Resources were worth $10,866,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Samlyn Capital LLC raised its stake 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 worth $26,883,000 after purchasing an additional 58,467 shares during the period. Suntrust Banks Inc. lifted its position in shares of Pioneer Natural Resources by 880.8% during the 4th quarter. Suntrust Banks Inc. now owns 39,643 shares of the oil and gas development company’s stock worth $5,214,000 after buying an additional 35,601 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Pioneer Natural Resources during the 1st quarter worth approximately $206,000. Precocity Capital LP purchased a new stake in shares of Pioneer Natural Resources during the 4th quarter worth approximately $11,179,000. Finally, S&CO Inc. lifted its position in shares of Pioneer Natural Resources by 3.7% during the 4th quarter. S&CO Inc. now owns 119,238 shares of the oil and gas development company’s stock worth $15,682,000 after buying an additional 4,233 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

Shares of Pioneer Natural Resources stock opened at $175.06 on Monday. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced 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). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The firm’s quarterly revenue was up 75.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. On average, equities research analysts forecast that Pioneer Natural Resources will post 7.72 earnings per share for the current year.

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

Several analysts have recently weighed in on PXD shares. Imperial Capital set a $198.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, February 8th. Goldman Sachs Group downgraded shares of Pioneer Natural Resources to a “buy” rating in a research report on Friday, April 12th. Raymond James set a $250.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $185.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Barclays set a $190.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Six equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources has an average rating of “Buy” and an average target price of $210.26.

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About Pioneer Natural Resources

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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