Beese Fulmer Investment Management Inc. Grows Stock Position in Pioneer Natural Resources (NYSE:PXD)

Beese Fulmer Investment Management Inc. raised its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 1.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,920 shares of the oil and gas development company’s stock after buying an additional 80 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Pioneer Natural Resources were worth $1,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Motco raised its stake in shares of Pioneer Natural Resources by 2,542.9% during the 1st quarter. Motco now owns 185 shares of the oil and gas development company’s stock valued at $28,000 after buying an additional 178 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Pioneer Natural Resources by 224.6% during the 1st quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock valued at $30,000 after buying an additional 137 shares during the last quarter. Executive Wealth Management LLC purchased a new position in shares of Pioneer Natural Resources during the 4th quarter valued at about $38,000. Canton Hathaway LLC purchased a new position in shares of Pioneer Natural Resources during the 1st quarter valued at about $38,000. Finally, Brand Asset Management Group Inc. grew its position in shares of Pioneer Natural Resources by 41.2% during the 1st quarter. Brand Asset Management Group Inc. now owns 497 shares of the oil and gas development company’s stock valued at $47,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 87.56% of the company’s stock.

PXD stock traded up $1.74 during trading on Tuesday, hitting $139.97. The stock had a trading volume of 901,737 shares, compared to its average volume of 1,802,978. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.89. Pioneer Natural Resources has a twelve month low of $119.08 and a twelve month high of $193.03. The stock has a market cap of $23.28 billion, a PE ratio of 22.18, a P/E/G ratio of 0.73 and a beta of 1.09. The business’s 50-day moving average price is $145.60.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $0.92 EPS. Pioneer Natural Resources’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Pioneer Natural Resources will post 8.87 earnings per share for the current fiscal year.

In related news, CAO Margaret Montemayor sold 888 shares of Pioneer Natural Resources stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $153.38, for a total value of $136,201.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

PXD has been the topic of a number of analyst reports. Macquarie restated an “underperform” rating on shares of Mandom in a research report on Monday, April 15th. Barclays raised their target price on Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. KeyCorp raised their target price on WPX Energy from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, SunTrust Banks cut SUNDANCE ENERGY/S to a “hold” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $200.14.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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