Oppenheimer & Co. Inc. Lowers Position in Pioneer Natural Resources (PXD)

Oppenheimer & Co. Inc. lowered its stake in Pioneer Natural Resources (NYSE:PXD) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,006 shares of the oil and gas development company’s stock after selling 809 shares during the period. Oppenheimer & Co. Inc.’s holdings in Pioneer Natural Resources were worth $4,878,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $127,000. Kiley Juergens Wealth Management LLC increased its holdings in shares of Pioneer Natural Resources by 159.5% in 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 purchasing an additional 472 shares in the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $207,000. Welch & Forbes LLC acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $218,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in Pioneer Natural Resources in the second quarter valued at approximately $227,000. 88.86% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on PXD shares. TD Securities started coverage on shares of Pioneer Natural Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $240.00 price objective on the stock. Morgan Stanley started coverage on shares of Pioneer Natural Resources in a research note on Thursday, July 12th. They issued an “overweight” rating and a $240.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, July 13th. Jefferies Financial Group set a $244.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, July 18th. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a research note on Monday, July 23rd. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and an average price target of $233.93.



Shares of NYSE PXD opened at $149.66 on Friday. The firm has a market cap of $26.18 billion, a PE ratio of 69.29, a PEG ratio of 1.61 and a beta of 0.95. Pioneer Natural Resources has a twelve month low of $140.65 and a twelve month high of $213.40. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.27 billion. Pioneer Natural Resources had a return on equity of 7.29% and a net margin of 12.23%. As a group, equities analysts anticipate that Pioneer Natural Resources will post 6.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.43%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 27th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.

Pioneer Natural Resources 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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