Pioneer Natural Resources Company (PXD) Position Held by Conning Inc.

Conning Inc. continued to hold its stake in Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,023 shares of the oil and gas development company’s stock at the end of the second quarter. Conning Inc.’s holdings in Pioneer Natural Resources were worth $642,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PXD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Pioneer Natural Resources by 29.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 137,849 shares of the oil and gas development company’s stock worth $21,998,000 after buying an additional 31,209 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC boosted its stake in Pioneer Natural Resources by 128.2% in the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 33,460 shares of the oil and gas development company’s stock worth $5,340,000 after buying an additional 18,800 shares during the period. Wedbush Securities Inc. boosted its stake in Pioneer Natural Resources by 8.9% in the second quarter. Wedbush Securities Inc. now owns 2,323 shares of the oil and gas development company’s stock worth $371,000 after buying an additional 190 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Pioneer Natural Resources by 3.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 57,233 shares of the oil and gas development company’s stock worth $9,175,000 after buying an additional 1,865 shares during the period. Finally, Boston Partners boosted its stake in Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after buying an additional 716,266 shares during the period. Institutional investors own 92.85% of the company’s stock.

Pioneer Natural Resources Company (NYSE:PXD) opened at 131.63 on Thursday. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 132.83 and a beta of 0.91. Pioneer Natural Resources Company has a 52-week low of $128.50 and a 52-week high of $199.83. The company has a 50-day moving average of $152.70 and a 200 day moving average of $171.58.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) EPS. On average, equities research analysts anticipate that Pioneer Natural Resources Company will post $1.15 EPS for the current year.

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A number of equities research analysts have issued reports on the stock. Citigroup Inc. decreased their price target on shares of Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Nicolaus set a $236.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $214.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Barclays PLC set a $136.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $210.71.

In other news, Director J Kenneth Thompson bought 750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the transaction, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew F. Cates bought 350 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock valued at $161,102 over the last 90 days. Corporate insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources

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.

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

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