Prudential Financial Inc. increased its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,557 shares of the oil and gas development company’s stock after buying an additional 2,287 shares during the quarter. Prudential Financial Inc. owned 0.14% of Pioneer Natural Resources worth $36,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PXD. Capital World Investors boosted its holdings in shares of Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Pioneer Natural Resources by 706.3% in the second quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after buying an additional 1,757,576 shares during the last quarter. Boston Partners boosted its holdings in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after buying an additional 716,266 shares during the last quarter. Janus Henderson Group PLC raised its stake in Pioneer Natural Resources by 1,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after acquiring an additional 530,517 shares during the period. Finally, Fred Alger Management Inc. raised its stake in Pioneer Natural Resources by 99.2% during the 2nd quarter. Fred Alger Management Inc. now owns 939,216 shares of the oil and gas development company’s stock worth $149,880,000 after acquiring an additional 467,700 shares during the period. 91.41% of the stock is currently owned by institutional investors.

Pioneer Natural Resources Company (NYSE PXD) opened at $156.92 on Tuesday. The company has a market cap of $26,690.00, a PE ratio of 111.14, a price-to-earnings-growth ratio of 11.11 and a beta of 0.96. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources Company has a fifty-two week low of $125.46 and a fifty-two week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. equities analysts predict that Pioneer Natural Resources Company will post 1.4 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank Of Canada set a $201.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Sunday, October 15th. Piper Jaffray Companies reduced their price target on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. SunTrust Banks, Inc. restated a “buy” rating and issued a $180.00 price target on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Finally, Sanford C. Bernstein boosted their price target on shares of Pioneer Natural Resources from $173.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $194.07.

In other news, VP Teresa A. Fairbrook sold 880 shares of the 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 owns 7,648 shares in the company, valued at approximately $997,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Scott D. Sheffield sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total value of $805,700.00. Following the transaction, the chairman now owns 585,466 shares in the company, valued at approximately $94,341,991.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,690 shares of company stock worth $2,647,483. 0.89% of the stock is owned by insiders.

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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.

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

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