First Dallas Securities Inc. bought a new stake in shares of Pioneer Natural Resources Company (NYSE:PXD) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,400 shares of the oil and gas development company’s stock, valued at approximately $354,000.

Other institutional investors have also recently bought and sold shares of the company. GWM Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $100,000. Commonwealth Bank of Australia lifted its stake in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the period. BDO Wealth Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $120,000. WFG Advisors LP lifted its stake in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares during the period. Finally, Grove Bank & Trust lifted its stake in shares of Pioneer Natural Resources by 112.3% in the 2nd quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock worth $187,000 after acquiring an additional 620 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.79, for a total value of $321,580.00. Following the completion of the sale, the executive vice president now directly owns 50,719 shares of the company’s stock, valued at $8,155,108.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders sold 16,690 shares of company stock valued at $2,647,483 over the last three months. Insiders own 0.89% of the company’s stock.

Pioneer Natural Resources Company (NYSE:PXD) traded down $1.30 during mid-day trading on Thursday, reaching $151.51. 1,660,600 shares of the company’s stock traded hands, compared to its average volume of 1,890,467. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The company has a market capitalization of $26,002.96, a P/E ratio of 106.86, a price-to-earnings-growth ratio of 10.56 and a beta of 0.96. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion during 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 period in the previous year, the firm posted $0.13 earnings per share. sell-side analysts expect that Pioneer Natural Resources Company will post 1.42 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on PXD. Williams Capital set a $184.00 price target on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $210.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Citigroup Inc. reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $194.07.

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.

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

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