CIBC Asset Management Inc Has $8.26 Million Position in Pioneer Natural Resources (PXD)

CIBC Asset Management Inc raised its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,266 shares of the oil and gas development company’s stock after purchasing an additional 1,346 shares during the period. CIBC Asset Management Inc’s holdings in Pioneer Natural Resources were worth $8,264,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Legal & General Group Plc grew its holdings in Pioneer Natural Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 744,629 shares of the oil and gas development company’s stock valued at $129,706,000 after buying an additional 15,319 shares during the last quarter. Morgan Stanley grew its holdings in Pioneer Natural Resources by 6.8% in the 3rd quarter. Morgan Stanley now owns 1,026,609 shares of the oil and gas development company’s stock valued at $178,825,000 after buying an additional 65,096 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Pioneer Natural Resources by 2.9% in the 4th quarter. State of Alaska Department of Revenue now owns 28,239 shares of the oil and gas development company’s stock valued at $3,712,000 after buying an additional 785 shares during the last quarter. First Hawaiian Bank grew its holdings in Pioneer Natural Resources by 39.5% in the 4th quarter. First Hawaiian Bank now owns 2,433 shares of the oil and gas development company’s stock valued at $320,000 after buying an additional 689 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in Pioneer Natural Resources by 13.0% in the 4th quarter. Gateway Investment Advisers LLC now owns 10,941 shares of the oil and gas development company’s stock valued at $1,439,000 after buying an additional 1,258 shares during the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.

Shares of PXD stock opened at $148.51 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $24.80 billion, a P/E ratio of 23.54, a P/E/G ratio of 0.92 and a beta of 1.02. 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 results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.22. The business 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 9.31% and a net margin of 11.89%. Pioneer Natural Resources’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. Research analysts expect that Pioneer Natural Resources will post 8.81 earnings per share for the current fiscal year.

A number of analysts have issued reports on PXD shares. ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Imperial Capital set a $199.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, February 15th. Citigroup lowered their target price on Pioneer Natural Resources from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, February 19th. Mitsubishi UFJ Financial Group lowered their target price on Pioneer Natural Resources to $192.00 and set an “overweight” rating on the stock in a report on Friday, February 15th. Finally, Raymond James set a $250.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, January 23rd. One 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 given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $206.26.

In related news, CAO Margaret Montemayor sold 888 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $153.38, for a total value of $136,201.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

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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.

See Also: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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