Empire Life Investments Inc. Buys 10,722 Shares of Pioneer Natural Resources (NYSE:PXD)

Empire Life Investments Inc. grew its holdings in Pioneer Natural Resources (NYSE:PXD) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,251 shares of the oil and gas development company’s stock after acquiring an additional 10,722 shares during the quarter. Empire Life Investments Inc. owned 0.06% of Pioneer Natural Resources worth $15,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PXD. Kaizen Advisory LLC lifted its holdings in shares of Pioneer Natural Resources by 21.6% during the fourth quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock worth $60,000 after purchasing an additional 81 shares during the period. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Pioneer Natural Resources by 11.6% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 830 shares of the oil and gas development company’s stock worth $109,000 after purchasing an additional 86 shares during the period. First Allied Advisory Services Inc. lifted its holdings in shares of Pioneer Natural Resources by 5.1% during the fourth quarter. First Allied Advisory Services Inc. now owns 1,989 shares of the oil and gas development company’s stock worth $259,000 after purchasing an additional 96 shares during the period. Utah Retirement Systems lifted its holdings in shares of Pioneer Natural Resources by 0.3% during the fourth quarter. Utah Retirement Systems now owns 31,575 shares of the oil and gas development company’s stock worth $4,153,000 after purchasing an additional 100 shares during the period. Finally, Beese Fulmer Investment Management Inc. lifted its holdings in shares of Pioneer Natural Resources by 1.7% during the first quarter. Beese Fulmer Investment Management Inc. now owns 6,840 shares of the oil and gas development company’s stock worth $1,042,000 after purchasing an additional 117 shares during the period. 88.94% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on PXD shares. Barclays set a $190.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, January 16th. Raymond James set a $250.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $185.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, January 29th. Mitsubishi UFJ Financial Group lifted their price target on Pioneer Natural Resources to $227.00 and gave the company an “overweight” rating in a research report on Monday, February 4th. Finally, Imperial Capital set a $198.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $206.26.

Shares of PXD opened at $153.40 on Friday. The company has a market cap of $26.30 billion, a P/E ratio of 24.31, a PEG ratio of 1.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.29. 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 released its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. As a group, equities analysts predict that Pioneer Natural Resources will post 8.31 EPS for the current year.

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

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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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