Tredje AP fonden lowered its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,611 shares of the oil and gas development company’s stock after selling 2,137 shares during the quarter. Tredje AP fonden’s holdings in Pioneer Natural Resources were worth $1,861,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in Pioneer Natural Resources by 2.5% during the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock worth $1,934,718,000 after purchasing an additional 295,861 shares in the last quarter. Capital World Investors raised its holdings in shares of Pioneer Natural Resources by 45.4% during the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after acquiring an additional 2,500,000 shares during the last quarter. Carmignac Gestion raised its holdings in shares of Pioneer Natural Resources by 10.7% during the second quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after acquiring an additional 292,612 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Pioneer Natural Resources by 20.2% during the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock valued at $337,410,000 after acquiring an additional 384,485 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Pioneer Natural Resources by 48.5% during the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after acquiring an additional 716,266 shares during the last quarter. Institutional investors own 90.89% of the company’s stock.
Pioneer Natural Resources (NYSE PXD) traded down $3.20 during trading hours on Thursday, hitting $150.66. The company had a trading volume of 1,078,400 shares, compared to its average volume of 1,846,539. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. The firm has a market capitalization of $26,181.63, a PE ratio of 107.59, a PEG ratio of 9.83 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. sell-side analysts forecast that Pioneer Natural Resources will post 1.53 EPS for the current year.
A number of brokerages have commented on PXD. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Friday, November 10th. Mizuho set a $190.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, November 25th. KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, November 25th. Barclays increased their target price on Pioneer Natural Resources from $147.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Stifel Nicolaus set a $248.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $194.20.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark Stephen Berg sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $154.47, for a total value of $308,940.00. Following the sale, the executive vice president now directly owns 48,719 shares of the company’s stock, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,072 shares of company stock valued at $3,644,749. 0.89% of the stock is owned by insiders.
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About Pioneer Natural Resources
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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