SG Americas Securities LLC Raises Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

SG Americas Securities LLC raised its position in Pioneer Natural Resources (NYSE:PXD) by 683.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,570 shares of the oil and gas development company’s stock after buying an additional 277,923 shares during the quarter. SG Americas Securities LLC owned approximately 0.19% of Pioneer Natural Resources worth $40,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PXD. Berman Capital Advisors LLC raised its stake in shares of Pioneer Natural Resources by 64.9% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock worth $34,000 after purchasing an additional 87 shares during the last quarter. Parallax Volatility Advisers L.P. raised its stake in shares of Pioneer Natural Resources by 1,606.7% during the second quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock worth $39,000 after purchasing an additional 241 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth approximately $53,000. Venturi Wealth Management LLC purchased a new stake in shares of Pioneer Natural Resources during the third quarter worth approximately $53,000. Finally, Foresters Asset Management Inc. raised its stake in shares of Pioneer Natural Resources by 35.7% during the second quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock worth $58,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

PXD stock traded down $1.58 on Friday, reaching $134.99. 1,101,168 shares of the company’s stock were exchanged, compared to its average volume of 1,767,316. The stock has a fifty day moving average of $128.56 and a 200-day moving average of $138.57. Pioneer Natural Resources has a twelve month low of $114.79 and a twelve month high of $178.22. The firm has a market cap of $22.71 billion, a PE ratio of 21.39, a P/E/G ratio of 1.00 and a beta of 1.14. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.03). The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 EPS. On average, equities research analysts predict that Pioneer Natural Resources will post 8.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 13.95%.

Several equities research analysts have recently commented on PXD shares. Raymond James cut their price target on Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 17th. SunTrust Banks cut their price target on Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. TheStreet cut Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Piper Jaffray Companies set a $202.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird upped their price target on Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $186.97.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,619 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $140.35, for a total value of $788,626.65. Following the sale, the executive vice president now owns 39,027 shares of the company’s stock, valued at $5,477,439.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Kenneth Thompson bought 500 shares of the 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 acquisition, the director now directly owns 13,024 shares of the company’s stock, valued at approximately $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is currently owned by corporate insiders.

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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