Renaissance Investment Group LLC increased its position in shares of Pioneer Natural Resources Co. (NYSE:PXD) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,877 shares of the oil and gas development company’s stock after buying an additional 349 shares during the period. Renaissance Investment Group LLC’s holdings in Pioneer Natural Resources were worth $2,576,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in PXD. MSI Financial Services Inc raised its stake in shares of Pioneer Natural Resources by 0.4% in the third quarter. MSI Financial Services Inc now owns 1,173 shares of the oil and gas development company’s stock worth $218,000 after buying an additional 5 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock worth $155,000 after buying an additional 22 shares during the last quarter. Private Bank & Trust Co. raised its stake in shares of Pioneer Natural Resources by 2.1% in the second quarter. Private Bank & Trust Co. now owns 1,669 shares of the oil and gas development company’s stock worth $252,000 after buying an additional 34 shares during the last quarter. Connable Office Inc. raised its stake in shares of Pioneer Natural Resources by 0.3% in the second quarter. Connable Office Inc. now owns 12,815 shares of the oil and gas development company’s stock worth $1,938,000 after buying an additional 41 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of Pioneer Natural Resources by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 14,494 shares of the oil and gas development company’s stock worth $2,192,000 after buying an additional 44 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

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

Pioneer Natural Resources Co. (NYSE:PXD) traded down 4.86% during mid-day trading on Monday, hitting $173.03. 2,171,132 shares of the stock traded hands. The company has a 50 day moving average of $181.29 and a 200-day moving average of $170.96. Pioneer Natural Resources Co. has a 12-month low of $103.50 and a 12-month high of $193.39. The stock’s market cap is $29.37 billion.

Pioneer Natural Resources (NYSE:PXD) last released 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 Thomson Reuters’ consensus estimate of $0.16 by $0.03. Pioneer Natural Resources had a negative return on equity of 1.49% and a negative net margin of 30.45%. The business earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted ($0.01) EPS. The company’s revenue for the quarter was down 47.0% compared to the same quarter last year. Equities research analysts forecast that Pioneer Natural Resources Co. will post ($0.40) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/28/pioneer-natural-resources-co-pxd-shares-bought-by-renaissance-investment-group-llc.html.

Several equities research analysts have recently commented on the stock. Barclays PLC upgraded shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $152.00 to $175.00 in a report on Tuesday, August 2nd. Mitsubishi UFJ Financial Group assumed coverage on shares of Pioneer Natural Resources in a report on Thursday, September 8th. They issued a “neutral” rating and a $200.00 price target for the company. JPMorgan Chase & Co. set a $190.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Monday, August 1st. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Pioneer Natural Resources in a report on Wednesday, August 17th. They issued an “outperform” rating and a $210.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $182.65.

In related news, CEO Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $185.14, for a total transaction of $1,851,400.00. Following the completion of the transaction, the chief executive officer now owns 585,868 shares of the company’s stock, valued at $108,467,601.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank A. Risch sold 500 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $185.08, for a total value of $92,540.00. Following the transaction, the director now directly owns 11,156 shares of the company’s stock, valued at approximately $2,064,752.48. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

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

Receive News & Stock Ratings for Pioneer Natural Resources Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Co. and related stocks with our FREE daily email newsletter.