Brown Advisory Inc. cut its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 54.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,374 shares of the oil and gas development company’s stock after selling 2,827 shares during the period. Brown Advisory Inc.’s holdings in Pioneer Natural Resources were worth $449,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sandia Holdings LLC lifted its stake in Pioneer Natural Resources by 7.3% in the 2nd quarter. Sandia Holdings LLC now owns 78,823 shares of the oil and gas development company’s stock valued at $14,916,000 after buying an additional 5,377 shares in the last quarter. British Airways Pensions Investment Management Ltd lifted its stake in Pioneer Natural Resources by 64.2% in the 2nd quarter. British Airways Pensions Investment Management Ltd now owns 84,271 shares of the oil and gas development company’s stock valued at $15,947,000 after buying an additional 32,958 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Pioneer Natural Resources by 6.4% in the 2nd quarter. Janus Henderson Group PLC now owns 83,171 shares of the oil and gas development company’s stock valued at $15,739,000 after buying an additional 5,022 shares in the last quarter. Hartline Investment Corp lifted its stake in Pioneer Natural Resources by 131.4% in the 2nd quarter. Hartline Investment Corp now owns 19,431 shares of the oil and gas development company’s stock valued at $3,677,000 after buying an additional 11,034 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Pioneer Natural Resources by 9.1% in the 2nd quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock valued at $2,351,423,000 after buying an additional 1,032,381 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

PXD has been the topic of a number of research reports. KLR Group raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the company from $212.00 to $254.00 in a research note on Tuesday, July 24th. MED raised their target price on shares of Pioneer Natural Resources from $220.00 to $223.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 23rd. Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Wednesday, July 25th. TD Securities initiated coverage on shares of Pioneer Natural Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $240.00 target price on the stock. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research note on Tuesday, July 31st. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $232.57.

PXD stock opened at $170.17 on Friday. The company has a market cap of $28.36 billion, a PE ratio of 78.78, a PEG ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.09. Pioneer Natural Resources has a one year low of $135.31 and a one year high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.08). The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%. analysts forecast that Pioneer Natural Resources will post 6.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, September 27th. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s payout ratio is presently 14.81%.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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