According to the most recent filing that the company has made with the SEC, Harel Insurance Investments & Financial Services Ltd. reduced the amount of money it had invested in Pioneer Natural Resources (NYSE: PXD) by 93.8% during the third quarter. Following the sale of 5,730 shares in the oil and gas development company during that period, the fund’s holdings comprised only 382 of the above shares. According to the company’s most recent filing with the SEC, Harel Insurance Investments & Financial Services Ltd. placed a value of $83,000 on Pioneer Natural Resources.
Over the most recent few months, the company’s stock has been bought and sold by several other institutional investors and hedge funds. A financial investment of $6,004,000 was made in Pioneer Natural Resources by the Czech National Bank during the third quarter of 2018. Savant Capital LLC increased its stake in Pioneer Natural Resources by 25.8 percent over the third quarter. Savant Capital LLC now has 1,921 oil and gas production company shares after purchasing an additional 394 shares during the most recent fiscal quarter. This brings the total number of shares owned by the company to 1,921. The total worth of these shares comes to 416,000 dollars. Benjamin F. Edwards & Company, Inc. increased the percentage of ownership it held in Pioneer Natural Resources by 261.6% during the third quarter of the current fiscal year. After purchasing an additional 2,449 shares over the most recent quarter, Benjamin F. Edwards & Company Inc. now has a total of 3,385 shares of the oil and gas development company’s stock. The current value of these shares is $733,000. During the third quarter, Alta Advisers Ltd. spent $130,000 purchasing Pioneer Natural Resources. This transaction took place during the period. The New York State Teachers Retirement System increased the proportion of Pioneer Natural Resources in its portfolio by 3.8% over the third quarter. The New York State Teachers Retirement System is now the owner of 238,618 shares in the oil and gas production business after purchasing an additional 8,750 shares during the most recent quarter for 238,618. The value of these shares on the market as of right now is $51,668,000. Hedge funds and other institutional investors own the stock to the extent of 89.75%.
On Friday, the price of a share of PXD was $239.18 when the trading day began. The moving average price of the stock over the previous 50 days is $236.06, and the moving average price over the previous 200 days is $235.26. The company’s market capitalization is currently estimated to be $57.87 billion, with a price-to-earnings ratio of 8.53, a price-to-earnings-to-growth ratio of 1.08, and a beta value of 1.41. The price of Pioneer Natural Resources has ranged from $194.54 to $288.46 over the past year, with an all-time low of $194.54 and an all-time high of $288.46. A debt-to-equity ratio of 0.18, a current ratio of 1.03, and a quick ratio of 0.93 are some of the financial ratios. In order, we will now consider each of these numbers.
The most recent quarterly earnings report for Pioneer Natural Resources, which is traded on the NYSE under the symbol PXD, was made public on October 27. The quarterly earnings per share for the oil and gas production company came in at $7.48, which is $0.05 higher than the consensus estimate of $7.43 that analysts provided. However, the company could only bring in $6.09 billion in revenue during the quarter, which is significantly lower than the $6.56 billion analysts predicted it would bring in during the same period. The net margin for Pioneer Natural Resources was 30.33%, and the company had a return on equity of 31.82%. Resources (NYSE: PXD) became available to the general public. The quarterly earnings per share for the oil and gas production company came in at $7.48, which is $0.05 higher than the consensus estimate of $7.43 that analysts provided. However, the company could only bring in $6.09 billion in revenue during the quarter, which is significantly lower than the $6.56 billion analysts predicted it would bring in during the same period. The net margin for Pioneer Natural Resources was 30.33%, and the company’s return on equity was 31.82%. Industry analysts project that Pioneer Natural Resources will earn 31.07 cents per share during the current financial year.
In addition, the company announced a quarterly dividend, which was distributed to shareholders on December 15. On November 30, a dividend payment of $5.71 per share was made to shareholders who were recorded as having shares as of that day. When calculated annually, this results in a dividend payment of $22.84 and a dividend yield of 9.55%. The date shareholders were required to pay taxes on this dividend was November 29, a Tuesday. Currently, Pioneer Natural Resources’ dividend payout ratio is 15.69%.
Many brokerage companies have published recent reports on PXD. The “overweight” rating and price objective that KeyCorp had previously assigned to Pioneer Natural Resources were reduced to $260.00 and $290.00, respectively, in a report published on December 8. TD Securities raised their price target on Pioneer Natural Resources from $280.00 to $285.00 and upgraded the company from a “hold” rating to a “buy” rating in a report released on Friday, October 28. In a report made public on November 17, Piper Sandler moved Pioneer Natural Resources from an “underweight” rating to an “overweight.” Raymond James decreased their price objective for Pioneer Natural Resources in a report published on Monday, October 24. The price objective went from $315.00 to $310.00, and the company was given a “strong-buy” rating then. Jefferies Financial Group added Pioneer Natural Resources to the companies it follows on October 19, expanding the scope of its coverage in the process. They advised investors to “keep” their positions in the company and set a price target of $261.00 for the stock. Two analysts have given the company a sell rating, eight analysts have given it a hold recommendation, ten analysts have given it a buy rating, and one analyst has given it a strong buy rating. According to information from Bloomberg.com, the current rating for Pioneer Natural Resources is “Hold,” and the company’s price goal is projected to average 278.78 dollars.
The American company, Pioneer Natural Resources Company, engages in oil and gas exploration and production. The company is privately held. The company explores for, develops, and produces natural gas liquids (NGLs), oil, and gas. The company is privately held. The company explores for, develops, and produces natural gas liquids (NGLs), oil, and gas. It traverses the Midland Basin, which is located in West Texas. The company has stakes in 11 gas processing facilities as of December 31, 2021. It has proved undeveloped reserves totaling 462 billion cubic feet of gas, 130 million barrels of oil, and 92 million barrels of natural gas liquids as of the same date.