Viking Fund Management LLC cut its position in shares of Pioneer Natural Resources Co. (NYSE:PXD) by 8.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,000 shares of the oil and gas development company’s stock after selling 10,000 shares during the period. Pioneer Natural Resources comprises 3.5% of Viking Fund Management LLC’s investment portfolio, making the stock its 9th largest position. Viking Fund Management LLC owned 0.07% of Pioneer Natural Resources worth $21,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Pioneer Natural Resources by 16.4% in the first quarter. Wellington Management Group LLP now owns 12,461,118 shares of the oil and gas development company’s stock worth $1,753,777,000 after buying an additional 1,752,025 shares during the period. FMR LLC boosted its position in Pioneer Natural Resources by 24.7% in the second quarter. FMR LLC now owns 5,712,022 shares of the oil and gas development company’s stock valued at $863,716,000 after buying an additional 1,129,791 shares during the period. Lazard Asset Management LLC boosted its position in Pioneer Natural Resources by 240.8% in the first quarter. Lazard Asset Management LLC now owns 1,542,686 shares of the oil and gas development company’s stock valued at $217,116,000 after buying an additional 1,089,989 shares during the period. Ingalls & Snyder LLC purchased a new position in Pioneer Natural Resources during the second quarter valued at approximately $162,153,000. Finally, State Street Corp boosted its position in Pioneer Natural Resources by 11.7% in the first quarter. State Street Corp now owns 9,717,623 shares of the oil and gas development company’s stock valued at $1,367,654,000 after buying an additional 1,017,873 shares during the period. Hedge funds and other institutional investors own 93.62% of the company’s stock.

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

Pioneer Natural Resources Co. (NYSE:PXD) traded down 1.23% during midday trading on Thursday, hitting $188.56. 668,117 shares of the company’s stock traded hands. The company’s market capitalization is $31.98 billion. The company has a 50 day moving average of $182.13 and a 200-day moving average of $164.24. Pioneer Natural Resources Co. has a 52 week low of $103.50 and a 52 week high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.12. The business earned $786 million during the quarter, compared to analysts’ expectations of $797.28 million. Pioneer Natural Resources had a negative return on equity of 1.79% and a negative net margin of 10.75%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. Equities research analysts predict that Pioneer Natural Resources Co. will post ($0.25) earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, September 30th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.08%. Pioneer Natural Resources’s payout ratio is currently -2.52%.

Several research firms have commented on PXD. JPMorgan Chase & Co. set a $190.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Monday, August 1st. Wells Fargo & Co. reiterated a “buy” rating on shares of Pioneer Natural Resources in a report on Thursday, June 16th. Canaccord Genuity boosted their price target on shares of Pioneer Natural Resources from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 16th. Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Credit Agricole SA began coverage on shares of Pioneer Natural Resources in a report on Wednesday, June 22nd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $179.66.

In related news, Director Larry R. Grillot sold 500 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $164.72, for a total transaction of $82,360.00. Following the completion of the sale, the director now directly owns 6,026 shares of the company’s stock, valued at approximately $992,602.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Timothy L. Dove sold 57,363 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total value of $10,112,523.27. Following the sale, the chief operating officer now directly owns 289,693 shares of the company’s stock, valued at $51,069,978.97. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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