National Pension Service raised its stake in Pioneer Natural Resources Co. (NYSE:PXD) by 8.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,640 shares of the oil and gas development company’s stock after buying an additional 9,627 shares during the period. National Pension Service owned 0.07% of Pioneer Natural Resources worth $23,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hudock Capital Group LLC raised its position in shares of Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock valued at $109,000 after buying an additional 125 shares during the last quarter. Checchi Capital Advisers LLC raised its position 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 valued at $155,000 after buying an additional 22 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in shares of Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 900 shares during the last quarter. MSI Financial Services Inc increased 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 valued at $218,000 after buying an additional 5 shares during the period. Finally, Nexus Investment Management Inc. purchased a new stake in shares of Pioneer Natural Resources during the third quarter valued at approximately $241,000. 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 up 7.21% during mid-day trading on Wednesday, hitting $186.20. The company had a trading volume of 1,372,321 shares. The company has a 50-day moving average price of $181.29 and a 200 day moving average price of $170.96. The company’s market capitalization is $31.60 billion. 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 posted its quarterly earnings data on Tuesday, November 1st. The oil and gas development company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The firm earned $1.19 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 47.0% compared to the same quarter last year. On average, analysts forecast that Pioneer Natural Resources Co. will post ($0.40) EPS for the current fiscal year.

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Several brokerages recently commented on PXD. TheStreet raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Friday, November 4th. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Barclays PLC raised shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $152.00 to $175.00 in a research report on Tuesday, August 2nd. Credit Suisse Group AG reissued an “outperform” rating and set a $212.00 price objective (up from $182.25) on shares of Pioneer Natural Resources in a research report on Wednesday, August 24th. Finally, Sanford C. Bernstein began coverage on shares of Pioneer Natural Resources in a research report on Wednesday, August 17th. They set an “outperform” rating and a $210.00 price objective on the stock. 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 price target of $182.65.

In other Pioneer Natural Resources news, CEO Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $185.14, for a total value of $1,851,400.00. Following the completion of the sale, the chief executive officer now directly owns 585,868 shares of the company’s stock, valued at approximately $108,467,601.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Timothy L. Dove sold 57,363 shares of the firm’s stock in a transaction 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 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. 0.92% of the stock is owned by company insiders.

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.

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