Pioneer Natural Resources Compa (NYSE:PXD).
Swedbank says it increased its position in Pioneer Natural Resources Compa shares by 442,407 shares in a 13F filing with the SEC. Its position was worth $218,254,000 an increase of $45,941,000 as of the end of the quarter.
The following firms have also recently changed their position in PXD. Gateway Investment Advisers LLC divested its position by shedding 507 shares a decrease of 3.8%. Gateway Investment Advisers LLC controls 12,753 shares worth $2,035,000. The value of the position overall is down by 17.6%. As of quarter end Cobiz Wealth, LLC had acquired 3,784 shares growing its stake by 12.9%. The value of the investment in PXD went from $5,480,000 to $5,300,000 decreasing 3.3% for the reporting period.
Laurel Grove Capital, LLC added to its ownership by buying 1,100 shares an increase of 57.9% in the quarter. Laurel Grove Capital, LLC claims 3,000 shares with a value of $479,000. The total value of its holdings increased 35.3%.
Equity analyst began coverage giving it an initial rating of “Neutral” and establishing a price target of $196.00. On October 6, 2016 Mizuho Securities initiated coverage with an initial rating of “Neutral” and setting a price target of $196.00.
On September 8 analysts at Mitsubishi UFJ starting coverage on the stock by announcing an initial rating of “Neutral” and a price target of $200.00. September 1 investment analysts at Barclays left the stock rating at “Overweight” and moved up the price target from $152.00 to $190.00.
Williams Capital Group starting coverage on PXD with a rating of “Buy”. On August 24 Credit Suisse made no change to the stock rating of “Outperform” and raised the price target to $212.00 from $189.00.
The company is now up since yesterday’s close of $160.38. The company announced a dividend for shareholders that was paid on Wed Apr 12, 2017. The dividend was $0.020 per share for the quarter which is $0.08 annualized. This dividend represents a yield of $0.05. The ex-dividend date was set for Wednesday the 29th of March 2017.
It is currently trading at $161.30 which is just under the 50 day moving average of $165.54 and which is just a bit below the 200 day moving average of $179.06. The 50 day moving average was down $-4.58 or -2.77% and the 200 day average moved down $-18.10.
As of the latest earnings report the EPS was $-1.97 and is projected to be $1.58 for the current year with 170,094,000 shares presently outstanding. Next quarter’s EPS is expected be $0.49 with next year’s EPS anticipated to be $3.66.