1st Global Advisors Inc. trimmed its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,353 shares of the oil and gas development company’s stock after selling 174 shares during the period. 1st Global Advisors Inc.’s holdings in Pioneer Natural Resources were worth $854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PXD. Teachers Advisors LLC increased its holdings in shares of Pioneer Natural Resources by 0.4% during the first quarter. Teachers Advisors LLC now owns 455,546 shares of the oil and gas development company’s stock valued at $84,836,000 after purchasing an additional 1,874 shares during the period. California Public Employees Retirement System increased its holdings in shares of Pioneer Natural Resources by 5.4% during the first quarter. California Public Employees Retirement System now owns 343,509 shares of the oil and gas development company’s stock valued at $63,972,000 after purchasing an additional 17,700 shares during the period. Stephens Investment Management Group LLC increased its holdings in shares of Pioneer Natural Resources by 3.2% during the first quarter. Stephens Investment Management Group LLC now owns 20,887 shares of the oil and gas development company’s stock valued at $3,890,000 after purchasing an additional 648 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Pioneer Natural Resources by 4.9% during the first quarter. PNC Financial Services Group Inc. now owns 30,584 shares of the oil and gas development company’s stock valued at $5,695,000 after purchasing an additional 1,437 shares during the period. Finally, Investec Asset Management LTD increased its holdings in shares of Pioneer Natural Resources by 65.1% during the first quarter. Investec Asset Management LTD now owns 223,752 shares of the oil and gas development company’s stock valued at $41,669,000 after purchasing an additional 88,265 shares during the period. 91.57% of the stock is currently owned by institutional investors.

PXD has been the topic of a number of research analyst reports. Scotiabank set a $210.00 price target on 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 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, June 17th. Citigroup Inc. decreased their target price on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $268.00 target price on shares of Pioneer Natural Resources in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $200.16.

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In related news, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction dated 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 owns 7,648 shares in the company, valued at $997,987.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew F. Cates bought 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have purchased 1,200 shares of company stock worth $161,102 in the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Pioneer Natural Resources Company (NYSE:PXD) traded down 1.59% during midday trading on Friday, hitting $143.92. The stock had a trading volume of 2,272,705 shares. The firm has a market cap of $24.48 billion, a P/E ratio of 145.23 and a beta of 0.94. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83. The stock has a 50-day moving average of $140.52 and a 200-day moving average of $157.43.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue was up 107.4% on a year-over-year basis. Analysts forecast that Pioneer Natural Resources Company will post $1.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is presently 8.16%.

Pioneer Natural Resources 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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