Kornitzer Capital Management Inc. KS decreased its stake in Pioneer Natural Resources Company (NYSE:PXD) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 15,800 shares of the oil and gas development company’s stock after selling 1,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Pioneer Natural Resources were worth $2,521,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Pioneer Natural Resources by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock valued at $1,386,000 after buying an additional 432 shares during the period. Atria Investments LLC raised its stake in shares of Pioneer Natural Resources by 27.2% in the first quarter. Atria Investments LLC now owns 1,646 shares of the oil and gas development company’s stock valued at $307,000 after buying an additional 352 shares during the period. Prospera Financial Services Inc raised its stake in shares of Pioneer Natural Resources by 10.8% in the first quarter. Prospera Financial Services Inc now owns 1,841 shares of the oil and gas development company’s stock valued at $345,000 after buying an additional 179 shares during the period. Bank of Montreal Can raised its stake in shares of Pioneer Natural Resources by 1.5% in the first quarter. Bank of Montreal Can now owns 74,126 shares of the oil and gas development company’s stock valued at $13,804,000 after buying an additional 1,077 shares during the period. Finally, E&G Advisors LP raised its stake in shares of Pioneer Natural Resources by 106.7% in the first quarter. E&G Advisors LP now owns 3,100 shares of the oil and gas development company’s stock valued at $577,000 after buying an additional 1,600 shares during the period. 92.62% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned ($0.22) EPS. The company’s revenue was up 107.4% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/07/pioneer-natural-resources-company-pxd-shares-sold-by-kornitzer-capital-management-inc-ks.html.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Stifel Nicolaus reissued a “buy” rating and set a $267.00 price target on shares of Pioneer Natural Resources in a research note on Wednesday, April 12th. Royal Bank Of Canada reissued a “buy” rating and set a $230.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, April 25th. Jefferies Group LLC set a $243.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, Barclays PLC reissued a “buy” rating and set a $196.00 price target (down previously from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus target price of $214.19.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources Company (NYSE:PXD).

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

Receive News & Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related companies with MarketBeat.com's FREE daily email newsletter.