Candriam Luxembourg S.C.A. lowered its stake in Pioneer Natural Resources Company (NYSE:PXD) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,559 shares of the oil and gas development company’s stock after selling 1,210 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Pioneer Natural Resources were worth $2,323,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PXD. Vanguard Group Inc. increased its stake in Pioneer Natural Resources by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,827,949 shares of the oil and gas development company’s stock valued at $2,202,718,000 after buying an additional 390,587 shares in the last quarter. BlackRock Inc. increased its stake in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. FMR LLC increased its stake in Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after buying an additional 1,304,274 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Pioneer Natural Resources by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Pioneer Natural Resources by 2.9% in the first quarter. American Century Companies Inc. now owns 2,120,341 shares of the oil and gas development company’s stock valued at $394,871,000 after buying an additional 60,603 shares in the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE PXD) opened at 137.55 on Thursday. The firm’s 50-day moving average is $155.77 and its 200-day moving average is $173.31. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 138.80 and a beta of 0.91. Pioneer Natural Resources Company has a 52 week low of $128.50 and a 52 week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.22) EPS. Equities research analysts predict that Pioneer Natural Resources Company will post $1.13 earnings per share for the current year.

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PXD has been the topic of several recent research reports. Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Monday, May 15th. Scotiabank reiterated a “buy” rating and set a $245.00 target price on shares of Pioneer Natural Resources in a research report on Friday, May 5th. KLR Group lifted their target price on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada set a $233.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, Cowen and Company set a $210.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Two research 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. The company currently has an average rating of “Buy” and an average price target of $211.90.

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

Pioneer Natural Resources Company 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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