Janney Montgomery Scott LLC grew its holdings in Pioneer Natural Resources (NYSE:PXD) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,701 shares of the oil and gas development company’s stock after acquiring an additional 1,840 shares during the period. Janney Montgomery Scott LLC’s holdings in Pioneer Natural Resources were worth $1,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PXD. FMR LLC lifted its position in shares of Pioneer Natural Resources by 27.9% in the second quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock valued at $1,217,012,000 after acquiring an additional 1,401,626 shares in the last quarter. BlackRock Inc. lifted its position in shares of Pioneer Natural Resources by 9.1% in the second 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 acquiring an additional 1,032,381 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Pioneer Natural Resources by 892.8% in the second quarter. Bessemer Group Inc. now owns 844,901 shares of the oil and gas development company’s stock valued at $159,889,000 after acquiring an additional 759,801 shares in the last quarter. PointState Capital LP purchased a new position in shares of Pioneer Natural Resources in the second quarter valued at about $83,764,000. Finally, Morgan Stanley lifted its position in shares of Pioneer Natural Resources by 39.3% in the second quarter. Morgan Stanley now owns 961,513 shares of the oil and gas development company’s stock valued at $181,958,000 after acquiring an additional 271,144 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

NYSE:PXD opened at $151.14 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $26.79 billion, a P/E ratio of 69.97, a PEG ratio of 1.76 and a beta of 1.04. Pioneer Natural Resources has a 12 month low of $140.54 and a 12 month high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.38. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 112.2% compared to the same quarter last year. On average, equities research analysts anticipate that Pioneer Natural Resources will post 7.18 EPS for the current year.

Several brokerages have recently commented on PXD. Zacks Investment Research downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays lowered their price objective on Pioneer Natural Resources from $219.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, November 15th. ValuEngine upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. Williams Capital restated a “hold” rating and issued a $226.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, July 31st. Finally, Morgan Stanley set a $218.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $234.19.

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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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