Calamos Wealth Management LLC Has $3.72 Million Position in Pioneer Natural Resources (NYSE:PXD)

Calamos Wealth Management LLC raised its position in Pioneer Natural Resources (NYSE:PXD) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,606 shares of the oil and gas development company’s stock after acquiring an additional 572 shares during the quarter. Calamos Wealth Management LLC’s holdings in Pioneer Natural Resources were worth $3,724,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brinker Capital Inc. lifted its stake in shares of Pioneer Natural Resources by 12.8% during the 3rd quarter. Brinker Capital Inc. now owns 17,887 shares of the oil and gas development company’s stock worth $2,251,000 after buying an additional 2,031 shares during the last quarter. Sicart Associates LLC lifted its stake in shares of Pioneer Natural Resources by 83.4% during the 3rd quarter. Sicart Associates LLC now owns 104,295 shares of the oil and gas development company’s stock worth $13,163,000 after buying an additional 47,414 shares during the last quarter. Strs Ohio lifted its stake in shares of Pioneer Natural Resources by 5,418.0% during the 3rd quarter. Strs Ohio now owns 118,141 shares of the oil and gas development company’s stock worth $14,858,000 after buying an additional 116,000 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Pioneer Natural Resources by 1.5% during the 3rd quarter. Whittier Trust Co. now owns 51,837 shares of the oil and gas development company’s stock worth $6,519,000 after buying an additional 770 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Pioneer Natural Resources by 4.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,450 shares of the oil and gas development company’s stock worth $1,818,000 after buying an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.

PXD stock traded up $2.05 during mid-day trading on Monday, hitting $125.41. The stock had a trading volume of 31,374 shares, compared to its average volume of 1,560,323. 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 has a 52 week low of $114.79 and a 52 week high of $178.22. The firm has a market capitalization of $21.34 billion, a P/E ratio of 19.83, a P/E/G ratio of 0.73 and a beta of 1.14. The firm has a fifty day simple moving average of $129.05 and a 200 day simple moving average of $141.51.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.88 by $0.13. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $1.41 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities analysts expect that Pioneer Natural Resources will post 8.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were issued a $0.44 dividend. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. This represents a $1.76 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, September 26th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 13.95%.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,619 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $140.35, for a total value of $788,626.65. Following the transaction, the executive vice president now directly owns 39,027 shares of the company’s stock, valued at approximately $5,477,439.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J Kenneth Thompson bought 500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $121.01 per share, for a total transaction of $60,505.00. Following the completion of the acquisition, the director now owns 13,024 shares in the company, valued at $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is owned by company insiders.

PXD has been the subject of several analyst reports. SunTrust Banks dropped their price objective on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Robert W. Baird lifted their price objective on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Citigroup reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $190.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday, August 11th. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $188.68.

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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