Securian Asset Management Inc Purchases 172 Shares of Pioneer Natural Resources (NYSE:PXD)

Securian Asset Management Inc lifted its position in shares of Pioneer Natural Resources (NYSE:PXD) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,464 shares of the oil and gas development company’s stock after purchasing an additional 172 shares during the quarter. Securian Asset Management Inc’s holdings in Pioneer Natural Resources were worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning increased its stake in Pioneer Natural Resources by 0.8% in the 1st quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock valued at $1,101,000 after buying an additional 59 shares during the last quarter. Avestar Capital LLC increased its stake in Pioneer Natural Resources by 15.6% in the 1st quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock valued at $55,000 after buying an additional 67 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in Pioneer Natural Resources by 1.2% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 6,920 shares of the oil and gas development company’s stock valued at $1,065,000 after buying an additional 80 shares during the last quarter. Berman Capital Advisors LLC increased its stake in Pioneer Natural Resources by 64.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. Finally, CWM Advisors LLC increased its stake in Pioneer Natural Resources by 1.4% in the 2nd quarter. CWM Advisors LLC now owns 6,637 shares of the oil and gas development company’s stock valued at $1,021,000 after buying an additional 89 shares during the last quarter. 85.80% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on PXD shares. Wells Fargo & Co lifted their price target on shares of Pioneer Natural Resources from $182.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. ValuEngine lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Morgan Stanley lowered their price target on shares of Pioneer Natural Resources from $180.00 to $176.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. SunTrust Banks lowered their price target on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, Piper Jaffray Companies set a $202.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $193.85.

Shares of Pioneer Natural Resources stock traded down $2.85 during trading on Friday, hitting $123.22. 82,408 shares of the stock were exchanged, compared to its average volume of 1,865,488. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08. The company has a fifty day moving average price of $134.03 and a 200-day moving average price of $145.10. Pioneer Natural Resources has a 1-year low of $114.79 and a 1-year high of $189.78. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.13. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. Pioneer Natural Resources’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. Equities research analysts forecast that Pioneer Natural Resources will post 8.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be issued a dividend of $0.44 per share. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, September 26th. This represents a $1.76 annualized dividend and a dividend yield of 1.43%. Pioneer Natural Resources’s payout ratio is presently 10.14%.

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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