Wetherby Asset Management Inc. raised its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 3,290 shares of the oil and gas development company’s stock after buying an additional 125 shares during the period. Wetherby Asset Management Inc.’s holdings in Pioneer Natural Resources were worth $525,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PXD. Anderson Hoagland & Co. boosted its position in shares of Pioneer Natural Resources by 10.2% in the first quarter. Anderson Hoagland & Co. now owns 6,510 shares of the oil and gas development company’s stock valued at $1,212,000 after buying an additional 600 shares during the period. Quantitative Systematic Strategies LLC boosted its position in shares of Pioneer Natural Resources by 56.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 11,644 shares of the oil and gas development company’s stock valued at $2,168,000 after buying an additional 4,215 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Pioneer Natural Resources by 5.4% in the first quarter. Nisa Investment Advisors LLC now owns 58,962 shares of the oil and gas development company’s stock valued at $10,980,000 after buying an additional 3,010 shares during the period. Barometer Capital Management Inc. boosted its position in shares of Pioneer Natural Resources by 5.8% in the first quarter. Barometer Capital Management Inc. now owns 5,500 shares of the oil and gas development company’s stock valued at $1,024,000 after buying an additional 300 shares during the period. Finally, Bank of The West boosted its position in shares of 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 valued at $871,000 after buying an additional 509 shares during the period. Institutional investors own 92.62% of the company’s stock.

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

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 107.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. Equities analysts expect that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

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Several equities analysts recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating and set a $230.00 price objective on shares of Pioneer Natural Resources in a research note on Tuesday, April 25th. Jefferies Group LLC set a $243.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Barclays PLC restated a “buy” rating and set a $196.00 price objective (down from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. KLR Group raised their price objective on Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Scotiabank restated a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $211.90.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the transaction, 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 through the SEC website. 0.92% of the stock is currently 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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