3,910 Shares in Pioneer Natural Resources Company (PXD) Purchased by HPM Partners LLC

HPM Partners LLC purchased a new stake in Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,910 shares of the oil and gas development company’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Bank of Australia boosted its position in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the 2nd quarter valued at about $120,000. Morgan Dempsey Capital Management LLC boosted its position in shares of Pioneer Natural Resources by 3.4% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after purchasing an additional 26 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources during the 1st quarter valued at about $172,000. Finally, Grove Bank & Trust boosted its position in shares of Pioneer Natural Resources by 112.3% during the 2nd quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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Several equities research analysts recently commented on PXD shares. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Monday, May 15th. Scotiabank restated a “buy” rating and set a $245.00 target price on shares of Pioneer Natural Resources in a research report on Monday, May 15th. Jefferies Group LLC set a $243.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, May 17th. BidaskClub lowered Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, Royal Bank Of Canada set a $233.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $204.40.

In related news, Director J Kenneth Thompson purchased 750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $133.40 per share, with a total value of $100,050.00. Following the transaction, the director now directly owns 10,865 shares in the company, valued at approximately $1,449,391. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,200 shares of company stock worth $161,102. Insiders own 0.89% of the company’s stock.

Shares of Pioneer Natural Resources Company (PXD) opened at 129.69 on Tuesday. The stock has a market capitalization of $22.06 billion, a P/E ratio of 130.87 and a beta of 0.94. The stock has a 50 day moving average price of $138.23 and a 200 day moving average price of $164.60. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, equities research analysts expect that Pioneer Natural Resources Company will post $1.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

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

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