Northwestern Mutual Investment Management Company LLC increased its position in shares of Pioneer Natural Resources Co. (NYSE:PXD) by 3,332.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,937 shares of the oil and gas development company’s stock after buying an additional 207,704 shares during the period. Northwestern Mutual Investment Management Company LLC owned about 0.13% of Pioneer Natural Resources worth $32,349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in Pioneer Natural Resources by 11.9% in the first quarter. Legal & General Group Plc now owns 659,463 shares of the oil and gas development company’s stock worth $92,811,000 after buying an additional 70,182 shares during the last quarter. Gavea Investimentos Ltda bought a new position in Pioneer Natural Resources during the second quarter worth $29,516,000. British Airways Pensions Investment Management Ltd bought a new position in Pioneer Natural Resources during the second quarter worth $26,395,000. Columbus Circle Investors boosted its position in Pioneer Natural Resources by 689.7% in the second quarter. Columbus Circle Investors now owns 522,843 shares of the oil and gas development company’s stock worth $79,059,000 after buying an additional 456,636 shares during the last quarter. Finally, Strs Ohio boosted its position in Pioneer Natural Resources by 290.1% in the second quarter. Strs Ohio now owns 443,883 shares of the oil and gas development company’s stock worth $67,119,000 after buying an additional 330,101 shares during the last quarter. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Pioneer Natural Resources Co. (NYSE:PXD) opened at 172.09 on Monday. The company’s 50-day moving average price is $182.13 and its 200 day moving average price is $169.66. The firm’s market capitalization is $29.21 billion. Pioneer Natural Resources Co. has a 12-month low of $103.50 and a 12-month high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pioneer Natural Resources had a negative return on equity of 1.49% and a negative net margin of 30.45%. The firm’s quarterly revenue was down 47.0% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities research analysts forecast that Pioneer Natural Resources Co. will post ($0.35) EPS for the current fiscal year.

A number of research analysts recently commented on the company. KeyCorp boosted their price target on Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. Credit Suisse Group AG reissued an “outperform” rating and issued a $212.00 price target (up from $182.25) on shares of Pioneer Natural Resources in a report on Wednesday, August 24th. Mizuho assumed coverage on Pioneer Natural Resources in a report on Wednesday, October 5th. They issued a “neutral” rating and a $196.00 price target on the stock. Wunderlich boosted their price target on Pioneer Natural Resources from $182.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Finally, KLR Group reissued a “buy” rating and issued a $238.00 price target (up from $218.00) on shares of Pioneer Natural Resources in a report on Sunday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $182.65.

In other news, Director Frank A. Risch sold 500 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $185.08, for a total value of $92,540.00. Following the completion of the sale, the director now directly owns 11,156 shares of the company’s stock, valued at approximately $2,064,752.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy L. Dove sold 57,363 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $176.29, for a total value of $10,112,523.27. Following the completion of 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. Company insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources

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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