Pioneer Natural Resources Company (PXD) Shares Sold by MAI Capital Management

MAI Capital Management reduced its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,390 shares of the oil and gas development company’s stock after selling 7 shares during the period. MAI Capital Management’s holdings in Pioneer Natural Resources Company were worth $259,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. J.P. Marvel Investment Advisors LLC boosted its stake in Pioneer Natural Resources Company by 33.3% in the third quarter. J.P. Marvel Investment Advisors LLC now owns 23,032 shares of the oil and gas development company’s stock valued at $4,276,000 after buying an additional 5,758 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Pioneer Natural Resources Company during the third quarter valued at $1,540,000. Piedmont Investment Advisors LLC purchased a new position in Pioneer Natural Resources Company during the third quarter valued at $32,326,000. Cadence Capital Management LLC raised its position in Pioneer Natural Resources Company by 4.2% in the fourth quarter. Cadence Capital Management LLC now owns 5,581 shares of the oil and gas development company’s stock valued at $1,005,000 after buying an additional 226 shares in the last quarter. Finally, Cobiz Wealth LLC raised its position in Pioneer Natural Resources Company by 5.7% in the fourth quarter. Cobiz Wealth LLC now owns 27,794 shares of the oil and gas development company’s stock valued at $5,005,000 after buying an additional 1,495 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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

Shares of Pioneer Natural Resources Company (PXD) traded down 2.17% on Tuesday, reaching $155.35. The company’s stock had a trading volume of 984,119 shares. The company’s 50 day moving average is $168.83 and its 200-day moving average is $180.76. The stock’s market cap is $26.42 billion. Pioneer Natural Resources Company has a 1-year low of $146.08 and a 1-year high of $199.83.

Pioneer Natural Resources Company (NYSE:PXD) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Pioneer Natural Resources Company had a positive return on equity of 1.08% and a negative net margin of 7.20%. Pioneer Natural Resources Company’s quarterly revenue was up 114.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.64) earnings per share. On average, equities analysts predict that Pioneer Natural Resources Company will post $1.75 earnings per share for the current fiscal year.

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PXD has been the topic of several recent research reports. Barclays PLC restated a “buy” rating and set a $196.00 price objective (down from $204.00) on shares of Pioneer Natural Resources Company in a report on Thursday, April 20th. Williams Capital set a $200.00 price objective on Pioneer Natural Resources Company and gave the stock a “hold” rating in a report on Thursday, May 4th. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources Company in a report on Friday, May 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $246.00 price target (up from $225.00) on shares of Pioneer Natural Resources Company in a report on Thursday, May 11th. Finally, Scotiabank reiterated a “buy” rating and issued a $250.00 price target on shares of Pioneer Natural Resources Company in a report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $216.50.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the sale, the executive vice president now directly owns 45,110 shares in the company, valued at $7,839,666.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Company Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

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