California State Teachers Retirement System Sells 27,118 Shares of Pioneer Natural Resources (PXD)

California State Teachers Retirement System trimmed its position in shares of Pioneer Natural Resources (NYSE:PXD) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,605 shares of the oil and gas development company’s stock after selling 27,118 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Pioneer Natural Resources worth $45,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in shares of Pioneer Natural Resources by 14.0% during the 3rd quarter. Stifel Financial Corp now owns 129,259 shares of the oil and gas development company’s stock worth $19,051,000 after acquiring an additional 15,886 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at approximately $36,220,000. Commerzbank Aktiengesellschaft FI increased its position in shares of Pioneer Natural Resources by 89.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 41,260 shares of the oil and gas development company’s stock valued at $6,088,000 after purchasing an additional 19,480 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Pioneer Natural Resources by 1.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,844,299 shares of the oil and gas development company’s stock valued at $272,108,000 after purchasing an additional 34,109 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Pioneer Natural Resources by 1.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,033 shares of the oil and gas development company’s stock valued at $6,202,000 after purchasing an additional 500 shares during the last quarter. 90.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Stephen Berg sold 2,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $154.47, for a total value of $308,940.00. Following the transaction, the executive vice president now directly owns 48,719 shares in the company, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. Insiders sold a total of 25,392 shares of company stock worth $4,036,997 in the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

Shares of Pioneer Natural Resources (PXD) traded down $0.48 during trading on Friday, reaching $156.58. The company’s stock had a trading volume of 895,400 shares, compared to its average volume of 1,830,959. The company has a market cap of $26,726.16, a P/E ratio of 109.83, a PEG ratio of 10.03 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for 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%. Pioneer Natural Resources’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. equities analysts anticipate that Pioneer Natural Resources will post 1.53 EPS for the current year.

Several equities analysts have recently weighed in on PXD shares. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Wednesday, October 11th. BMO Capital Markets set a $200.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group reissued a “buy” rating and set a $180.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, October 10th. Stifel Nicolaus set a $248.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Mizuho reissued a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $192.20.

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Pioneer Natural Resources 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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