Cambridge Investment Research Advisors Inc. boosted its stake in Pioneer Natural Resources (NYSE:PXD) by 47.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,648 shares of the oil and gas development company’s stock after purchasing an additional 2,149 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Pioneer Natural Resources were worth $1,158,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Usca Ria LLC lifted its stake in shares of Pioneer Natural Resources by 27.7% in the third quarter. Usca Ria LLC now owns 2,234 shares of the oil and gas development company’s stock valued at $389,000 after buying an additional 484 shares in the last quarter. Commerce Bank lifted its stake in shares of Pioneer Natural Resources by 2,220.1% in the third quarter. Commerce Bank now owns 70,739 shares of the oil and gas development company’s stock valued at $12,322,000 after buying an additional 67,690 shares in the last quarter. Ashfield Capital Partners LLC lifted its stake in shares of Pioneer Natural Resources by 4.4% in the third quarter. Ashfield Capital Partners LLC now owns 26,756 shares of the oil and gas development company’s stock valued at $4,661,000 after buying an additional 1,131 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Pioneer Natural Resources by 10.5% in the third quarter. Daiwa Securities Group Inc. now owns 6,288 shares of the oil and gas development company’s stock valued at $1,095,000 after buying an additional 597 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Pioneer Natural Resources by 66.3% in the third quarter. Private Advisor Group LLC now owns 3,943 shares of the oil and gas development company’s stock valued at $687,000 after buying an additional 1,572 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

PXD has been the topic of a number of recent research reports. Williams Capital set a $231.00 price objective on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research note on Wednesday, November 7th. Robert W. Baird set a $225.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Morgan Stanley reaffirmed a “buy” rating and issued a $234.00 price objective (down from $240.00) on shares of Pioneer Natural Resources in a research note on Friday, October 12th. Finally, Barclays dropped their price objective on shares of Pioneer Natural Resources from $219.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $234.19.

PXD opened at $153.96 on Thursday. 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 has a fifty-two week low of $140.54 and a fifty-two week high of $213.40. The stock has a market cap of $26.79 billion, a P/E ratio of 71.28, a PEG ratio of 1.76 and a beta of 1.04.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.38. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The firm’s revenue was up 112.2% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Equities research analysts predict that Pioneer Natural Resources will post 7.18 EPS for the current fiscal year.

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About Pioneer Natural Resources

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.

See Also: What are Institutional Investors?

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

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