Reaves W H & Co. Inc. boosted its holdings in Pioneer Natural Resources (NYSE:PXD) by 32.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,219 shares of the oil and gas development company’s stock after acquiring an additional 28,195 shares during the quarter. Reaves W H & Co. Inc. owned about 0.07% of Pioneer Natural Resources worth $20,070,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PXD. Candriam Luxembourg S.C.A. raised its holdings in Pioneer Natural Resources by 9.4% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 22,793 shares of the oil and gas development company’s stock worth $3,970,000 after buying an additional 1,958 shares during the period. AGF Investments Inc. raised its holdings in Pioneer Natural Resources by 57.6% during the 3rd quarter. AGF Investments Inc. now owns 10,763 shares of the oil and gas development company’s stock worth $1,875,000 after buying an additional 3,934 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Pioneer Natural Resources by 3.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,803 shares of the oil and gas development company’s stock worth $4,320,000 after buying an additional 890 shares during the period. Harbour Capital Advisors LLC raised its holdings in Pioneer Natural Resources by 115.9% during the 3rd quarter. Harbour Capital Advisors LLC now owns 2,828 shares of the oil and gas development company’s stock worth $493,000 after buying an additional 1,518 shares during the period. Finally, Frontier Investment Mgmt Co. raised its holdings in Pioneer Natural Resources by 5.8% during the 3rd quarter. Frontier Investment Mgmt Co. now owns 558,583 shares of the oil and gas development company’s stock worth $97,300,000 after buying an additional 30,500 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Several analysts have issued reports on PXD shares. Jefferies Financial Group set a $244.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a report on Monday, July 23rd. Mizuho started coverage on Pioneer Natural Resources in a report on Monday, July 23rd. They set a “buy” rating and a $259.00 price objective on the stock. KLR Group upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $212.00 to $254.00 in a report on Tuesday, July 24th. Finally, Seaport Global Securities restated a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $235.96.

Shares of PXD opened at $154.73 on Wednesday. The stock has a market capitalization of $26.30 billion, a PE ratio of 71.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. Pioneer Natural Resources has a fifty-two week low of $140.54 and a fifty-two week high of $213.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.20.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.38. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The firm’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. On average, sell-side analysts expect that Pioneer Natural Resources will post 6.99 EPS for the current fiscal year.

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Pioneer Natural Resources 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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