Allen Investment Management LLC decreased its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,508 shares of the oil and gas development company’s stock after selling 534 shares during the quarter. Allen Investment Management LLC’s holdings in Pioneer Natural Resources were worth $370,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of PXD. Capital World Investors increased its holdings in Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after purchasing an additional 2,500,000 shares during the period. Ameriprise Financial Inc. increased its holdings in Pioneer Natural Resources by 706.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after purchasing an additional 1,757,576 shares during the period. Boston Partners increased its holdings in 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 during the period. Janus Henderson Group PLC increased its holdings in Pioneer Natural Resources by 1,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after purchasing an additional 530,517 shares during the period. Finally, First Eagle Investment Management LLC purchased a new stake in Pioneer Natural Resources during the 3rd quarter worth about $75,317,000. Institutional investors own 91.41% of the company’s stock.
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Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down $1.30 during mid-day trading on Thursday, hitting $151.51. The stock had a trading volume of 1,660,600 shares, compared to its average volume of 1,890,467. The stock has a market cap of $26,002.96, a P/E ratio of 106.86, a price-to-earnings-growth ratio of 10.56 and a beta of 0.96. Pioneer Natural Resources Company has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. analysts expect that Pioneer Natural Resources Company will post 1.42 earnings per share for the current year.
Several research analysts have recently issued reports on PXD shares. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley lowered their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Wells Fargo & Company cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Mizuho reaffirmed a “buy” rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $194.07.
In other news, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the transaction, the chief executive officer now directly owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,690 shares of company stock valued at $2,647,483. Company insiders own 0.89% 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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