Prudential Financial Inc. raised its stake in shares of Pioneer Natural Resources Co. (NYSE:PXD) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,505 shares of the oil and gas development company’s stock after buying an additional 25,070 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Pioneer Natural Resources worth $35,157,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hudock Capital Group LLC raised its stake in Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock valued at $109,000 after buying an additional 125 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Pioneer Natural Resources during the first quarter valued at $137,000. Park Avenue Institutional Advisers LLC raised its position in Pioneer Natural Resources by 4.3% in the first quarter. Park Avenue Institutional Advisers LLC now owns 1,017 shares of the oil and gas development company’s stock valued at $143,000 after buying an additional 42 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock valued at $155,000 after buying an additional 22 shares in the last quarter. Finally, Assetmark Inc. raised its position in Pioneer Natural Resources by 1,852.9% in the second quarter. Assetmark Inc. now owns 1,367 shares of the oil and gas development company’s stock valued at $207,000 after buying an additional 1,297 shares in the last quarter. 93.69% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Co. (NYSE:PXD) traded up 0.488% on Tuesday, reaching $177.361. 717,188 shares of the company traded hands. The firm has a 50 day moving average of $177.27 and a 200-day moving average of $158.76. The stock’s market capitalization is $30.08 billion. Pioneer Natural Resources Co. has a one year low of $103.50 and a one year high of $190.94.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.12. The firm earned $786 million during the quarter, compared to the consensus estimate of $797.28 million. Pioneer Natural Resources had a negative return on equity of 1.79% and a negative net margin of 10.75%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Pioneer Natural Resources Co. will post ($0.29) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, September 28th. Pioneer Natural Resources’s payout ratio is -2.52%.

PXD has been the topic of several research reports. Williams Capital initiated coverage on shares of Pioneer Natural Resources in a research note on Monday, August 29th. They issued a “buy” rating and a $217.00 price objective on the stock. Wunderlich decreased their target price on shares of Pioneer Natural Resources from $177.00 to $176.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. KeyCorp boosted their target price on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Societe Generale downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 target price for the company. in a research report on Thursday, August 4th. They noted that the move was a valuation call. Finally, KLR Group reissued a “buy” rating and issued a $238.00 target price (up from $218.00) on shares of Pioneer Natural Resources in a research report on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $178.03.

In other Pioneer Natural Resources news, SVP Mark H. Kleinman sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $151.01, for a total transaction of $151,010.00. Following the completion of the transaction, the senior vice president now owns 16,816 shares of the company’s stock, valued at $2,539,384.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,600 shares of the business’s stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $149.90, for a total value of $239,840.00. Following the transaction, the executive vice president now directly owns 23,428 shares of the company’s stock, valued at approximately $3,511,857.20. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

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