ETRADE Capital Management LLC increased its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 29.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,684 shares of the oil and gas development company’s stock after buying an additional 1,739 shares during the quarter. ETRADE Capital Management LLC’s holdings in Pioneer Natural Resources were worth $1,226,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PXD. UBS Asset Management Americas Inc. lifted its position in shares of Pioneer Natural Resources by 9.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock worth $83,400,000 after buying an additional 37,839 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Pioneer Natural Resources by 51.6% during the 1st quarter. Toronto Dominion Bank now owns 48,678 shares of the oil and gas development company’s stock worth $9,066,000 after buying an additional 16,562 shares during the last quarter. Capital Innovations LLC lifted its position in shares of Pioneer Natural Resources by 11.2% during the 1st quarter. Capital Innovations LLC now owns 2,675 shares of the oil and gas development company’s stock worth $498,000 after buying an additional 270 shares during the last quarter. Scout Investments Inc. lifted its position in shares of Pioneer Natural Resources by 186.1% during the 1st quarter. Scout Investments Inc. now owns 77,873 shares of the oil and gas development company’s stock worth $10,960,000 after buying an additional 50,654 shares during the last quarter. Finally, ARGA Investment Management LP lifted its position in shares of Pioneer Natural Resources by 16.3% during the 1st quarter. ARGA Investment Management LP now owns 5,000 shares of the oil and gas development company’s stock worth $930,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.

PXD has been the subject of several research reports. Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $201.35.

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Shares of Pioneer Natural Resources Company (PXD) opened at 144.01 on Friday. The company’s 50-day moving average price is $133.40 and its 200 day moving average price is $162.00. The firm has a market cap of $24.50 billion, a PE ratio of 145.32 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 results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion during 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 quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.22) EPS. On average, analysts predict that Pioneer Natural Resources Company will post $1.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 8.16%.

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

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

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