Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 24,404 shares of the oil and gas development company’s stock after selling 2,839 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Pioneer Natural Resources were worth $3,894,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of 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 position in shares of 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 position in shares of 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 position in shares of 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, Boston Partners increased its position in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares in the last quarter. Institutional investors own 92.62% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 134.02 on Friday. The firm’s 50-day moving average is $154.62 and its 200-day moving average is $172.69. The company has a market cap of $22.80 billion, a PE ratio of 135.24 and a beta of 0.91. Pioneer Natural Resources Company has a 12 month low of $128.50 and a 12 month high of $199.83.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s revenue was up 107.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.22) EPS. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.13 earnings per share for the current year.

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Several research analysts have commented on the stock. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $214.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Barclays PLC set a $136.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. Finally, Capital One Financial Corporation restated an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $211.90.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction 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 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 legal filing with the SEC, which is available through this hyperlink. 0.92% of the stock is owned by company 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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