Virtu Financial LLC Acquired New Interest in Pioneer Natural Resources (NYSE: PXD) in the Fourth Quarter, the Company said In its most recent Form 13F on the Securities & Exchange Commission, the company acquired 1,482 shares worth $ 256,000 of oil & gas development company's shares
A number of other institutional investors and hedge funds have recently gained as well BlackRock Inc. increased its position in Pioneer Natural Resources by 1
In related news, CFO Richard P. Dealy sold 5,523 shares of the company's shares in a transaction on Wednesday, December 20. The stock was sold at an average price of $ 164.23, representing a total transaction of $ 907,042.29. Following the transaction, the Chief Financial Officer now directly owns 76,297 shares of the company worth $ 12,530,256.31. The sale was filed in a filing with the Securities & Exchange Commission, available at this hyperlink. In addition, SVP Frank E. Hopkins sold 2,000 shares of the company in a transaction on Monday, December 18. The shares were sold at an average price of $ 160.00 for a total value of $ 320,000.00. Following the transaction, the senior vice president now owns 38,101 shares of the company, valued at $ 6,096,160. The disclosure for this sale can be found here. Insiders have sold 26,218 shares worth $ 4,486,025 over the past 90 days. Insiders own 0.89% of the company's stock.
Pioneer Natural Resources (NYSE: PXD) opened at $ 169.34 on Friday. Pioneer Natural Resources has a 12-month low of $ 125.46 and a 12-month high of $ 192.93. The company has a debt ratio of 0.20, a fast rate of 1.31 and a current rate of 1.41. The stock has a market capitalization of $ 28,838.77, a P / E of 78.40, a P / E / G ratio of 2.52 and a beta of 0.96.
Pioneer Natural Resources (NYSE: PXD) last published its quarterly results on Tuesday, February 6. The oil and gas development company reported earnings per share (EPS) of $ 1.22 for the quarter, exceeding the consensus estimate of $ 0.59 by $ 0.63. Pioneer Natural Resources achieved a return on equity of 3.45% and a net margin of 13.69%. The company generated $ 1.53 billion in revenue for the quarter, compared to analyst estimates of $ 1.39 billion. In the same period last year, the company earned $ 0.49 per share. The company's quarterly revenue grew 48.4% year-on-year. Equity analysts expect Pioneer Natural Resources to report EPS 6.23 for the current fiscal year.
Pioneer Natural Resources said its Board of Directors initiated a share repurchase plan on Tuesday, February 6, enabling the company to repurchase $ 10,000,000 in outstanding shares. This repurchase permit allows the oil and gas development company to repurchase shares in its shares through open market purchases. Share buyback plans are usually a sign that the company's management believes its shares are undervalued.
The company has recently approved a semi-annual dividend, which will be paid on Thursday, April 12. On Thursday, March 29, investors will receive a dividend of $ 0.16 per share. This corresponds to a yield of 0.18%. This is a positive change from Pioneer Natural Resources' earlier half-yearly dividend of $ 0.04. The ex-dividend day of this dividend is Wednesday, March 28. The payout ratio of Pioneer Natural Resources is currently 1.65%.
A number of analysts have recently reported on the company. Piper Jaffray Companies set a price target of $ 227.00 for Pioneer Natural Resources and gave the company a "buy" rating on Wednesday in a research report. Mitsubishi UFJ Financial Group confirmed its "overweight" rating for Pioneer Natural Resources shares on Wednesday, March 7, in a research report. UBS reported on Wednesday, March 7, in a research report from Pioneer Natural Resources. They issued a "buy" rating and a target price of $ 215.00 for the company. BMO Capital Markets confirmed its buy rating on Tuesday, February 27, in a research report and announced a target price of $ 250.00 on Pioneer Natural Resources shares. Finally, Stifel Nicolaus confirmed a "buy" rating in a research report on Wednesday, February 14, and announced a price target of $ 280.00 (previously $ 260.00) on Pioneer Natural Resources stocks. Two investment analysts rated the stock with a sell rating, four gave a hold rating, and twenty-six gave the company a buy rating. The company currently has an average rating of "buy" and an average price target of $ 211.44.
ILLEGAL ACTIVITY NOTICE: This report was first published by StockNewsTimes and is the property of StockNewsTimes. If you read this report in another domain, it has been stolen and republished in violation of international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2018/03/18/1482-shares-in-pioneer-natural-resources-pxd-purchased-by-virtu-financial-llc.html. About Pioneer Natural Resources
The Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company researches, develops and produces oil, natural gas liquids (NGLs) and gas in the United States, primarily in the Permian Basin of West Texas, the Eagle Ford Shale in South Texas, the Raton Field in southeast Colorado and the West Panhandle Field in the United States Texas panhandle.
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