Symphony Asset Management LLC decreased its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 19.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,141 shares of the oil and gas development company’s stock after selling 1,213 shares during the quarter. Symphony Asset Management LLC’s holdings in Pioneer Natural Resources were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Independence Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth $822,000. Murphy Capital Management Inc. boosted its position in shares of Pioneer Natural Resources by 4.5% in the 2nd quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after purchasing an additional 4,980 shares in the last quarter. BlackRock Inc. boosted its position in shares of Pioneer Natural Resources by 2,397.3% in the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after purchasing an additional 10,921,279 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 1st quarter worth $260,000. Finally, State of Tennessee Treasury Department boosted its position in shares of Pioneer Natural Resources by 66.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock worth $30,504,000 after purchasing an additional 76,268 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders have purchased a total of 1,200 shares of company stock worth $161,102 in the last three months. 0.89% of the stock is owned by insiders.

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Pioneer Natural Resources Company (NYSE:PXD) opened at 135.51 on Thursday. The firm has a 50-day moving average of $137.12 and a 200 day moving average of $163.94. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 136.74 and a beta of 0.94. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned ($0.22) EPS. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources Company will post $1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 8.16%.

A number of analysts have commented on the company. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average target price of $204.40.

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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