Oregon Public Employees Retirement Fund decreased its position in Pioneer Natural Resources Co. (NYSE:PXD) by 21.4% during the third quarter, Holdings Channel reports. The fund owned 16,907 shares of the oil and gas development company’s stock after selling 4,598 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Pioneer Natural Resources were worth $3,139,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in PXD. Checchi Capital Advisers LLC increased its stake 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 worth $155,000 after buying an additional 22 shares in the last quarter. Private Bank & Trust Co. increased its stake in Pioneer Natural Resources by 2.1% in the second quarter. Private Bank & Trust Co. now owns 1,669 shares of the oil and gas development company’s stock valued at $252,000 after buying an additional 34 shares in the last quarter. Connable Office Inc. increased its stake in Pioneer Natural Resources by 0.3% in the second quarter. Connable Office Inc. now owns 12,815 shares of the oil and gas development company’s stock valued at $1,938,000 after buying an additional 41 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Pioneer Natural Resources by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 14,494 shares of the oil and gas development company’s stock valued at $2,192,000 after buying an additional 44 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Pioneer Natural Resources by 1.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,125 shares of the oil and gas development company’s stock valued at $561,000 after buying an additional 77 shares in the last quarter. 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% during midday trading on Tuesday, hitting $173.67. The stock had a trading volume of 2,350,414 shares. Pioneer Natural Resources Co. has a one year low of $103.50 and a one year high of $193.39. The firm has a 50 day moving average price of $181.29 and a 200 day moving average price of $170.96. The stock’s market cap is $29.48 billion.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The business’s quarterly revenue was down 47.0% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. Equities analysts expect that Pioneer Natural Resources Co. will post ($0.40) EPS for the current year.

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Several equities research analysts recently issued reports on PXD shares. Williams Capital started coverage on Pioneer Natural Resources in a report on Monday, August 29th. They issued a “buy” rating and a $217.00 price objective on the stock. Mizuho started coverage on Pioneer Natural Resources in a report on Wednesday, October 5th. They issued a “neutral” rating and a $196.00 price objective on the stock. Barclays PLC upgraded Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $152.00 to $175.00 in a report on Tuesday, August 2nd. Wunderlich boosted their price objective on Pioneer Natural Resources from $182.00 to $207.00 and gave the company a “buy” rating in a report on Monday, October 10th. Finally, Societe Generale downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 price objective on the stock. in a report on Thursday, August 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $182.65.

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

About Pioneer Natural Resources

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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