Swiss National Bank Has $45.10 Million Stock Holdings in Pioneer Natural Resources (NYSE:PXD)

Swiss National Bank raised its holdings in Pioneer Natural Resources (NYSE:PXD) by 22.0% in the 1st quarter, HoldingsChannel reports. The fund owned 642,902 shares of the oil and gas development company’s stock after acquiring an additional 115,900 shares during the period. Swiss National Bank’s holdings in Pioneer Natural Resources were worth $45,100,000 at the end of the most recent quarter.

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

PXD has been the subject of several recent research reports. Imperial Capital upped their price target on shares of Pioneer Natural Resources from $83.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $147.00 price objective for the company. in a research report on Monday, February 10th. Mizuho increased their price objective on shares of Pioneer Natural Resources from $113.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup increased their price objective on shares of Pioneer Natural Resources from $98.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, KeyCorp decreased their price objective on shares of Pioneer Natural Resources from $148.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $122.14.

Shares of NYSE PXD opened at $92.42 on Friday. The firm has a market cap of $15.32 billion, a PE ratio of 22.16, a P/E/G ratio of 9.89 and a beta of 1.78. Pioneer Natural Resources has a 12-month low of $48.62 and a 12-month high of $159.01. The company’s fifty day simple moving average is $80.37 and its 200 day simple moving average is $115.63. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.19.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, May 6th. The oil and gas development company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 in the prior year, the firm earned $1.83 earnings per share. Pioneer Natural Resources’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that Pioneer Natural Resources will post 1.13 earnings per share for the current year.

The firm also recently disclosed 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 dividend yield of 2.38%. The ex-dividend date is Monday, June 29th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 13.45%.

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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