Pioneer Natural Resources Company (PXD) Stake Raised by Macquarie Group Ltd.

Macquarie Group Ltd. grew its position in Pioneer Natural Resources Company (NYSE:PXD) by 17.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,346 shares of the oil and gas development company’s stock after acquiring an additional 15,840 shares during the quarter. Macquarie Group Ltd. owned about 0.06% of Pioneer Natural Resources worth $16,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PXD. BlackRock Inc. raised its stake in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after acquiring an additional 10,921,279 shares during the period. Capital World Investors raised its stake in shares of Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after acquiring an additional 2,500,000 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Pioneer Natural Resources by 706.3% in the second quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock valued at $319,475,000 after acquiring an additional 1,757,576 shares during the period. FMR LLC raised its stake in shares of Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after acquiring an additional 1,304,274 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Pioneer Natural Resources by 68,788.6% in the first quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock valued at $166,779,000 after acquiring an additional 894,252 shares during the period. 91.57% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a $0.04 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is currently 8.16%.

PXD has been the topic of several recent analyst reports. BidaskClub downgraded shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Jefferies Group LLC set a $171.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets reduced their target price on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, July 14th. Finally, Citigroup Inc. reduced their target price on shares of Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $200.16.

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

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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.

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

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