Pioneer Natural Resources (NYSE:PXD) – Investment analysts at Mitsubishi UFJ Financial Group dropped their Q4 2018 earnings per share estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Wednesday, November 7th. Mitsubishi UFJ Financial Group analyst M. Mcallister now anticipates that the oil and gas development company will post earnings per share of $2.01 for the quarter, down from their previous forecast of $2.06.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.38. Pioneer Natural Resources had a return on equity of 9.58% and a net margin of 15.98%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.48 earnings per share. Pioneer Natural Resources’s quarterly revenue was up 112.2% compared to the same quarter last year.
Pioneer Natural Resources stock opened at $153.63 on Friday. Pioneer Natural Resources has a one year low of $140.54 and a one year high of $213.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 71.13, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Pioneer Natural Resources by 9.1% during the 2nd quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock worth $2,351,423,000 after purchasing an additional 1,032,381 shares in the last quarter. FMR LLC increased its position in Pioneer Natural Resources by 27.9% during the 2nd quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock worth $1,217,012,000 after purchasing an additional 1,401,626 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Pioneer Natural Resources by 5.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,363,653 shares of the oil and gas development company’s stock worth $447,298,000 after purchasing an additional 113,443 shares in the last quarter. Northern Trust Corp increased its position in Pioneer Natural Resources by 0.3% during the 2nd quarter. Northern Trust Corp now owns 2,007,607 shares of the oil and gas development company’s stock worth $379,919,000 after purchasing an additional 5,666 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Pioneer Natural Resources by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,514,423 shares of the oil and gas development company’s stock worth $263,797,000 after purchasing an additional 8,115 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.
Pioneer Natural Resources Company 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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