Jones Financial Companies Lllp boosted its holdings in Pioneer Natural Resources (NYSE:PXD) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,444 shares of the oil and gas development company’s stock after purchasing an additional 1,697 shares during the quarter. Jones Financial Companies Lllp’s holdings in Pioneer Natural Resources were worth $4,606,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Pioneer Natural Resources by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 277,806 shares of the oil and gas development company’s stock worth $47,721,000 after buying an additional 4,051 shares during the period. Atria Investments LLC boosted its holdings in Pioneer Natural Resources by 23.5% in the 2nd quarter. Atria Investments LLC now owns 3,385 shares of the oil and gas development company’s stock worth $641,000 after buying an additional 644 shares during the period. Boston Advisors LLC bought a new position in Pioneer Natural Resources in the 2nd quarter worth $360,000. Nisa Investment Advisors LLC boosted its holdings in Pioneer Natural Resources by 14.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 57,650 shares of the oil and gas development company’s stock worth $10,910,000 after buying an additional 7,345 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new position in Pioneer Natural Resources in the 2nd quarter worth $127,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Shares of PXD stock opened at $156.49 on Monday. The firm has a market capitalization of $26.68 billion, a price-to-earnings ratio of 72.45, a P/E/G ratio of 1.76 and a beta of 1.04. Pioneer Natural Resources has a 52 week low of $140.54 and a 52 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, topping the consensus estimate of $1.69 by $0.38. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The business’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. As a group, equities analysts expect that Pioneer Natural Resources will post 7.16 earnings per share for the current fiscal year.

PXD has been the subject of several recent analyst reports. Citigroup dropped their target price on shares of Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating for the company in a report on Monday, August 13th. Seaport Global Securities reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. KLR Group raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from $212.00 to $254.00 in a report on Tuesday, July 24th. Mizuho initiated coverage on shares of Pioneer Natural Resources in a report on Monday, July 23rd. They issued a “buy” rating and a $259.00 target price for the company. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 target price for the company in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $234.81.

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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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