M&T Bank Corp boosted its stake in Pioneer Natural Resources Co. (NYSE:PXD) by 12.1% during the third quarter, Holdings Channel reports. The firm owned 20,799 shares of the oil and gas development company’s stock after buying an additional 2,243 shares during the period. M&T Bank Corp’s holdings in Pioneer Natural Resources were worth $3,860,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in Pioneer Natural Resources by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 617 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 35 shares during the period. Hudock Capital Group LLC raised its position 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 during the period. 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 during the period. Point72 Asia Hong Kong Ltd raised its position in Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 900 shares during the period. 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 during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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

Pioneer Natural Resources Co. (NYSE:PXD) traded up 0.37% on Tuesday, hitting $173.67. 2,350,414 shares of the stock traded hands. The stock’s market cap is $29.48 billion. The firm’s 50-day moving average price is $181.29 and its 200-day moving average price is $170.96. Pioneer Natural Resources Co. has a 12-month low of $103.50 and a 12-month high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.03. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The firm earned $1.19 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was down 47.0% compared to the same quarter last year. On average, equities research analysts anticipate that Pioneer Natural Resources Co. will post ($0.40) EPS for the current fiscal year.

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PXD has been the subject of several recent analyst reports. Williams Capital initiated coverage on shares of Pioneer Natural Resources in a research note on Monday, August 29th. They set a “buy” rating and a $217.00 price objective for the company. Jefferies Group reissued a “buy” rating and set a $206.00 target price on shares of Pioneer Natural Resources in a research report on Wednesday, October 19th. Wunderlich boosted their target price on shares of Pioneer Natural Resources from $182.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. JPMorgan Chase & Co. set a $190.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $182.65.

In related news, CEO Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $185.14, for a total value of $1,851,400.00. Following the completion of the transaction, the chief executive officer now owns 585,868 shares of the company’s stock, valued at approximately $108,467,601.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Timothy L. Dove sold 57,363 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the completion of the transaction, the chief operating officer now directly owns 289,693 shares of the company’s stock, valued at approximately $51,069,978.97. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:PXD

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