California Public Employees Retirement System decreased its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 0.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 340,909 shares of the oil and gas development company’s stock after selling 2,600 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Pioneer Natural Resources worth $54,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FIL Ltd raised its holdings in Pioneer Natural Resources by 10.6% in the second quarter. FIL Ltd now owns 327,759 shares of the oil and gas development company’s stock valued at $52,304,000 after buying an additional 31,438 shares during the period. TIAA FSB purchased a new position in Pioneer Natural Resources in the second quarter valued at approximately $3,706,000. ETRADE Capital Management LLC raised its holdings in Pioneer Natural Resources by 29.3% in the second quarter. ETRADE Capital Management LLC now owns 7,684 shares of the oil and gas development company’s stock valued at $1,226,000 after buying an additional 1,739 shares during the period. BP Capital Fund Advisors LLC raised its holdings in Pioneer Natural Resources by 15.7% in the second quarter. BP Capital Fund Advisors LLC now owns 21,475 shares of the oil and gas development company’s stock valued at $3,427,000 after buying an additional 2,922 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Pioneer Natural Resources by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after buying an additional 295,861 shares during the period. Hedge funds and other institutional investors own 91.57% of the company’s stock.

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In other news, VP Teresa A. Fairbrook sold 880 shares of the business’s 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 sale, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J Kenneth Thompson acquired 750 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,200 shares of company stock worth $161,102. 0.89% of the stock is currently owned by company insiders.

Several research analysts recently commented on the stock. Scotiabank set a $210.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. 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. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Capital One Financial Corporation reaffirmed 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 given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $201.35.

Pioneer Natural Resources Company (PXD) opened at 144.01 on Friday. The firm has a market cap of $24.50 billion, a P/E ratio of 145.32 and a beta of 0.94. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The firm has a 50-day moving average of $133.40 and a 200-day moving average of $162.00.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) earnings per share. On average, analysts expect that Pioneer Natural Resources Company will post $1.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders 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 dividend yield of 0.11%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is presently 8.16%.

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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