Stratos Wealth Partners LTD. boosted its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 2.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,565 shares of the oil and gas development company’s stock after buying an additional 40 shares during the period. Stratos Wealth Partners LTD.’s holdings in Pioneer Natural Resources were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PXD. Bank of The West boosted its position in Pioneer Natural Resources by 12.2% in the first quarter. Bank of The West now owns 4,676 shares of the oil and gas development company’s stock worth $871,000 after buying an additional 509 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Pioneer Natural Resources by 3.9% in the first quarter. DnB Asset Management AS now owns 421,751 shares of the oil and gas development company’s stock worth $78,543,000 after buying an additional 15,800 shares during the period. Reliance Trust Co. of Delaware bought a new position in shares of Pioneer Natural Resources during the first quarter worth about $389,000. CWM LLC boosted its position 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 worth $1,386,000 after buying an additional 432 shares during the period. Finally, Atria Investments LLC boosted its position 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 worth $307,000 after buying an additional 352 shares during the period. 92.62% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources Company (NYSE:PXD) opened at 135.26 on Friday. Pioneer Natural Resources Company has a 12-month low of $128.50 and a 12-month high of $199.83. The stock’s 50 day moving average is $155.21 and its 200 day moving average is $173.04. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 136.49 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company earned ($0.22) EPS. The company’s revenue was up 107.4% compared to the same quarter last year. Equities analysts predict that Pioneer Natural Resources Company will post $1.13 earnings per share for the current fiscal year.

WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/11/pioneer-natural-resources-company-nysepxd-shares-bought-by-stratos-wealth-partners-ltd.html.

PXD has been the topic of a number of recent research reports. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Wells Fargo & Company cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Barclays PLC set a $136.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub cut Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $211.90.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s 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 of the company’s stock, valued at approximately $7,839,666.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently 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.