Pioneer Natural Resources (PXD) Holdings Raised by S&CO Inc.

S&CO Inc. boosted its position in Pioneer Natural Resources (NYSE:PXD) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 107,881 shares of the oil and gas development company’s stock after purchasing an additional 1,627 shares during the period. Pioneer Natural Resources comprises 2.3% of S&CO Inc.’s investment portfolio, making the stock its 12th biggest position. S&CO Inc.’s holdings in Pioneer Natural Resources were worth $18,647,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in Pioneer Natural Resources by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock worth $36,561,000 after purchasing an additional 4,040 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Pioneer Natural Resources by 2,357.7% in the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock valued at $109,145,000 after acquiring an additional 709,663 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Pioneer Natural Resources by 4.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock valued at $83,526,000 after acquiring an additional 26,050 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Pioneer Natural Resources by 25.0% in the third quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock valued at $25,362,000 after acquiring an additional 34,342 shares during the last quarter. Finally, Ashburton Jersey Ltd boosted its stake in Pioneer Natural Resources by 87.3% in the third quarter. Ashburton Jersey Ltd now owns 17,034 shares of the oil and gas development company’s stock valued at $2,513,000 after acquiring an additional 7,940 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Shares of Pioneer Natural Resources (NYSE PXD) traded down $1.21 during mid-day trading on Monday, hitting $183.17. 1,668,100 shares of the company were exchanged, compared to its average volume of 1,707,600. The stock has a market cap of $31,570.00, a PE ratio of 250.92, a P/E/G ratio of 4.37 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. sell-side analysts anticipate that Pioneer Natural Resources will post 1.65 EPS for the current fiscal year.

A number of research analysts have weighed in on PXD shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $207.00 target price on shares of Pioneer Natural Resources in a research note on Tuesday, January 9th. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $201.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $195.29.

In related news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total transaction of $310,680.00. Following the sale, the executive vice president now owns 22,964 shares of the company’s stock, valued at approximately $3,963,586.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $158.37, for a total transaction of $408,911.34. Following the sale, the senior vice president now directly owns 12,861 shares in the company, valued at approximately $2,036,796.57. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock worth $6,976,992 in the last ninety days. 0.89% of the stock is currently owned by insiders.

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

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