EJF Capital LLC Purchases Shares of 2,500 Pioneer Natural Resources Company (PXD)

EJF Capital LLC purchased a new stake in Pioneer Natural Resources Company (NYSE:PXD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,500 shares of the oil and gas development company’s stock, valued at approximately $369,000.

Several other hedge funds have also added to or reduced their stakes in PXD. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources during the second quarter worth about $100,000. Commonwealth Bank of Australia grew its stake in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources during the second quarter worth about $120,000. WFG Advisors LP grew its stake in Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares in the last quarter. Finally, Sun Life Financial INC grew its stake in Pioneer Natural Resources by 7,229.4% during the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after buying an additional 1,229 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded down $2.49 during midday trading on Wednesday, reaching $153.86. 1,395,800 shares of the company were exchanged, compared to its average volume of 1,849,822. The company has a market cap of $26,605.35, a price-to-earnings ratio of 109.34, a PEG ratio of 9.99 and a beta of 0.97. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. analysts predict that Pioneer Natural Resources Company will post 1.53 EPS for the current year.

In other Pioneer Natural Resources news, SVP Mark H. Kleinman sold 2,582 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the transaction, the senior vice president now owns 12,861 shares in the company, valued at approximately $2,036,796.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,072 shares of company stock valued at $3,644,749. 0.89% of the stock is owned by company insiders.

PXD has been the subject of a number of research reports. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Wednesday, October 11th. BMO Capital Markets set a $200.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Jefferies Group reissued a “buy” rating and issued a $180.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, October 10th. Stifel Nicolaus set a $248.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Mizuho reissued a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $194.20.

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Pioneer Natural Resources Company Profile

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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