Louisiana State Employees Retirement System Cuts Stock Position in Pioneer Natural Resources (NYSE:PXD)

Share on StockTwits

Louisiana State Employees Retirement System trimmed its position in Pioneer Natural Resources (NYSE:PXD) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the oil and gas development company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Pioneer Natural Resources were worth $1,212,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Motco lifted its stake in Pioneer Natural Resources by 2,542.9% in the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after purchasing an additional 178 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Pioneer Natural Resources by 224.6% in the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock valued at $30,000 after acquiring an additional 137 shares during the period. Canton Hathaway LLC purchased a new position in shares of Pioneer Natural Resources in the first quarter valued at about $38,000. Twin Tree Management LP purchased a new position in shares of Pioneer Natural Resources in the first quarter valued at about $58,000. Finally, Carroll Financial Associates Inc. increased its position in shares of Pioneer Natural Resources by 264.8% in the second quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock valued at $60,000 after acquiring an additional 286 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on PXD. S&P Equity Research reiterated an “overweight” rating and set a $205.00 price target (up previously from $185.00) on shares of Pioneer Natural Resources in a research report on Wednesday, May 8th. Imperial Capital reduced their price target on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. KeyCorp boosted their price objective on shares of Pioneer Natural Resources from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. Finally, Morgan Stanley dropped their price objective on shares of Pioneer Natural Resources from $180.00 to $176.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $196.01.

PXD opened at $123.01 on Friday. Pioneer Natural Resources has a fifty-two week low of $114.79 and a fifty-two week high of $189.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86. The company has a fifty day moving average of $137.51 and a 200 day moving average of $145.75. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.70 and a beta of 1.08.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.13. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. Pioneer Natural Resources’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 earnings per share. On average, equities research analysts forecast that Pioneer Natural Resources will post 8.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, September 26th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 10.14%.

Pioneer Natural Resources 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.

See Also: Book Value Per Share – BVPS

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

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.