Pioneer Natural Resources Company (PXD) Shares Sold by Caymus Capital Partners L.P.

Caymus Capital Partners L.P. cut its stake in Pioneer Natural Resources Company (NYSE:PXD) by 72.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,550 shares of the oil and gas development company’s stock after selling 278,450 shares during the period. Pioneer Natural Resources makes up approximately 2.0% of Caymus Capital Partners L.P.’s holdings, making the stock its 17th largest holding. Caymus Capital Partners L.P. owned about 0.06% of Pioneer Natural Resources worth $15,720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Pioneer Natural Resources by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after buying an additional 295,861 shares in the last quarter. Capital World Investors increased its holdings in Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after buying an additional 2,500,000 shares in the last quarter. Carmignac Gestion increased its holdings in Pioneer Natural Resources by 10.7% in the second quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after buying an additional 292,612 shares in the last quarter. American Century Companies Inc. increased its holdings in Pioneer Natural Resources by 20.2% in the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock valued at $337,410,000 after buying an additional 384,485 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Pioneer Natural Resources by 48.5% during the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after purchasing an additional 716,266 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

PXD has been the subject of a number of recent research reports. Williams Capital set a $184.00 price objective on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Morgan Stanley dropped their price objective on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Wells Fargo & Company cut shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Mizuho reissued a “buy” rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $194.07.

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In related news, Chairman Scott D. Sheffield sold 5,000 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total transaction of $805,700.00. Following the sale, the chairman now owns 585,466 shares of the company’s stock, valued at approximately $94,341,991.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders have sold a total of 16,690 shares of company stock worth $2,647,483 in the last 90 days. Company insiders own 0.89% of the company’s stock.

Pioneer Natural Resources Company (NYSE:PXD) traded down $2.01 during trading hours on Tuesday, hitting $156.92. 1,266,300 shares of the company traded hands, compared to its average volume of 1,891,657. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The firm has a market cap of $26,080.00, a price-to-earnings ratio of 111.14, a price-to-earnings-growth ratio of 11.11 and a beta of 0.96. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. equities research analysts forecast that Pioneer Natural Resources Company will post 1.4 EPS for the current year.

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.

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

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