Pioneer Natural Resources (NYSE:PXD) Shares Bought by Mackay Shields LLC

Mackay Shields LLC boosted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 50.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 38,882 shares of the oil and gas development company’s stock after purchasing an additional 13,070 shares during the period. Mackay Shields LLC’s holdings in Pioneer Natural Resources were worth $2,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PXD. Orion Portfolio Solutions LLC acquired a new stake in Pioneer Natural Resources during the 4th quarter worth about $25,000. Tarbox Family Office Inc. grew its position in Pioneer Natural Resources by 93.8% during the 4th quarter. Tarbox Family Office Inc. now owns 186 shares of the oil and gas development company’s stock worth $28,000 after purchasing an additional 90 shares during the period. Ancora Advisors LLC acquired a new stake in Pioneer Natural Resources during the 4th quarter worth about $28,000. FinTrust Capital Advisors LLC grew its position in Pioneer Natural Resources by 166.7% during the 4th quarter. FinTrust Capital Advisors LLC now owns 192 shares of the oil and gas development company’s stock worth $29,000 after purchasing an additional 120 shares during the period. Finally, Cornerstone Advisors Inc. grew its position in Pioneer Natural Resources by 141.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 435 shares of the oil and gas development company’s stock worth $31,000 after purchasing an additional 255 shares during the period. 91.57% of the stock is currently owned by institutional investors.

PXD opened at $92.42 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.90. The company’s 50 day simple moving average is $80.37 and its two-hundred day simple moving average is $115.63. Pioneer Natural Resources has a 1-year low of $48.62 and a 1-year high of $159.01. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 9.89 and a beta of 1.78.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, May 6th. The oil and gas development company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. Pioneer Natural Resources had a net margin of 7.60% and a return on equity of 10.46%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company posted $1.83 EPS. The business’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Pioneer Natural Resources will post 1.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, June 29th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 13.45%.

A number of equities research analysts have recently commented on the company. TD Securities raised their target price on Pioneer Natural Resources from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. SunTrust Banks upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating and set a $90.00 target price on the stock in a research report on Sunday, April 12th. Bank of America raised their target price on Pioneer Natural Resources from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Edward Jones cut Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, KeyCorp dropped their target price on Pioneer Natural Resources from $148.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.14.

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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