Advisor Partners LLC lowered its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 22.8% during the second quarter, Holdings Channel reports. The firm owned 2,251 shares of the oil and gas development company’s stock after selling 666 shares during the period. Advisor Partners LLC’s holdings in Pioneer Natural Resources were worth $359,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PXD. Prospera Financial Services Inc increased its position in shares of Pioneer Natural Resources by 0.4% in the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after buying an additional 7 shares during the period. Hodges Capital Management Inc. increased its position in shares of Pioneer Natural Resources by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock valued at $467,000 after buying an additional 10 shares during the period. Level Four Advisory Services LLC increased its position in shares of Pioneer Natural Resources by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock valued at $518,000 after buying an additional 13 shares during the period. Atlantic Trust LLC increased its position in shares of Pioneer Natural Resources by 1.0% in the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock valued at $364,000 after buying an additional 20 shares during the period. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the period. 92.62% of the stock is owned by institutional investors.

Pioneer Natural Resources Company (NYSE PXD) opened at 135.26 on Friday. The stock has a 50 day moving average price of $155.21 and a 200-day moving average price of $173.04. Pioneer Natural Resources Company has a one year low of $128.50 and a one year high of $199.83. The firm has a market cap of $23.01 billion, a P/E ratio of 136.49 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion for 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 revenue was up 107.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.22) earnings per share. Analysts predict that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

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Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, May 17th. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $211.90.

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

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.

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

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