Pioneer Natural Resources (PXD) Position Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 4.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 40,311 shares of the oil and gas development company’s stock after buying an additional 1,747 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Pioneer Natural Resources were worth $7,507,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Boston Partners bought a new position in shares of Pioneer Natural Resources during the first quarter valued at $274,976,000. Norges Bank bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $231,658,000. Artisan Partners Limited Partnership bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $202,439,000. Swedbank bought a new position in shares of Pioneer Natural Resources during the first quarter valued at $172,313,000. Finally, State Street Corp boosted its position in shares of Pioneer Natural Resources by 6.4% in the fourth quarter. State Street Corp now owns 11,104,321 shares of the oil and gas development company’s stock valued at $1,999,544,000 after buying an additional 664,476 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

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

Pioneer Natural Resources (NYSE:PXD) traded down 2.90% on Thursday, reaching $168.62. The company’s stock had a trading volume of 1,612,956 shares. The stock’s market cap is $28.68 billion. The stock has a 50-day moving average of $175.99 and a 200-day moving average of $182.35. Pioneer Natural Resources has a one year low of $146.08 and a one year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. Pioneer Natural Resources had a negative return on equity of 0.33% and a negative net margin of 14.56%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned ($0.64) earnings per share. The business’s revenue for the quarter was up 114.3% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources will post $1.91 EPS for the current fiscal year.

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A number of research firms have recently commented on PXD. Barclays PLC reiterated a “buy” rating and set a $196.00 target price (down from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. Scotiabank reiterated a “buy” rating and set a $250.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, March 16th. Williams Capital set a $200.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Thursday, May 4th. Mizuho upgraded Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 21st. Finally, Jefferies Group LLC set a $245.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Monday, March 20th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $213.38.

In other news, SVP Mark H. Kleinman sold 1,758 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $186.24, for a total value of $327,409.92. Following the transaction, the senior vice president now owns 17,201 shares of the company’s stock, valued at $3,203,514.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephanie D. Stewart sold 900 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $191.00, for a total value of $171,900.00. Following the completion of the transaction, the vice president now directly owns 11,206 shares in the company, valued at approximately $2,140,346. The disclosure for this sale can be found here. Insiders sold 9,907 shares of company stock worth $1,789,759 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

12 Month Chart for NYSE:PXD

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