Pioneer Natural Resources Compa (NYSE:PXD).
Swedbank reports that it bought 442,407 shares in quarter ending 06/30/2017 increasing its exposure to Pioneer Natural Resources Compa by 47.8%. Its investment 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. As of quarter end Gateway Investment Advisers LLC had disposed of 507 shares trimming its stake by 3.8%. The value of the total investment in Pioneer Natural Resources Compa went from $2,469,000 to $2,035,000 decreasing 17.6% since the last quarter. Cobiz Wealth, LLC expanded its holdings by buying 3,784 shares an increase of 12.9% in the quarter. Cobiz Wealth, LLC now controls 33,211 shares worth $5,300,000. The value of the position overall is down by 3.3%.
As of the end of the quarter Laurel Grove Capital, LLC had bought a total of 1,100 shares growing its position 57.9%. The value of the company’s investment in Pioneer Natural Resources Compa increased from $354,000 to $479,000 a change of $125,000 quarter to quarter.
On October 6 analysts at starting coverage on the stock giving it an initial rating of “Neutral” and establishing a price target of $196.00. Mizuho Securities started covering the stock by announcing an initial rating of “Neutral” and a price target of $196.00.
On September 8, 2016 Mitsubishi UFJ starting coverage on PXD with an initial rating of “Neutral” and projecting a price target of $200.00. September 1 investment analysts at Barclays kept the company rating at “Overweight” but raised the price expectation from $152.00 to $190.00.
Equity analyst Williams Capital Group started coverage with a rating of “Buy”. On August 24 Credit Suisse made no change to the company rating of “Outperform” and raised the price expectation to $212.00 from $189.00.
The company is now up since yesterday’s close of $160.38. Additionally Pioneer Natural Resources Compa recently declared a dividend for shareholders paid on Wednesday the 12th of April 2017. The dividend was $0.020 per share for the quarter which is $0.08 annualized. The dividend yield was $0.05. The ex-dividend date was set for Wednesday the 29th of March 2017.
It is trading at $161.30 which is just under $165.54, the stock’s 50 day moving average and marginally under the 200 day moving average of $179.06. The 50 day moving average went down by -2.77% whereas the 200 day moving average was down $-18.10 or -10.11%.
In the latest earnings report the EPS was $-1.97 and is expected to be $1.58 for the current year with 170,094,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.49 and the next full year EPS is projected to be $3.66.