UBS Asset Management Americas Inc. increased its stake in shares of Pioneer Natural Resources Co. (NYSE:PXD) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,568 shares of the oil and gas development company’s stock after buying an additional 21,235 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.24% of Pioneer Natural Resources worth $75,849,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Carmignac Gestion acquired a new position in Pioneer Natural Resources during the third quarter valued at approximately $240,559,000. FMR LLC increased 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. Ingalls & Snyder LLC acquired a new position in Pioneer Natural Resources during the second quarter valued at approximately $162,153,000. Capital Research Global Investors increased its position in Pioneer Natural Resources by 17.7% in the second quarter. Capital Research Global Investors now owns 5,202,000 shares of the oil and gas development company’s stock valued at $786,594,000 after buying an additional 783,000 shares during the period. Finally, Two Creeks Capital Management LP increased its position in Pioneer Natural Resources by 202.1% in the second quarter. Two Creeks Capital Management LP now owns 1,087,314 shares of the oil and gas development company’s stock valued at $164,413,000 after buying an additional 727,337 shares during the period. 92.39% of the stock is currently owned by institutional investors.

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

Pioneer Natural Resources Co. (NYSE:PXD) opened at 173.67 on Wednesday. Pioneer Natural Resources Co. has a 12-month low of $103.50 and a 12-month high of $193.39. The firm’s 50-day moving average is $181.29 and its 200-day moving average is $170.96. The stock’s market capitalization is $29.48 billion.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. Pioneer Natural Resources’s revenue was down 47.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) EPS. Analysts predict that Pioneer Natural Resources Co. will post ($0.40) EPS for the current fiscal year.

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Several research firms recently commented on PXD. Mitsubishi UFJ Financial Group began coverage on shares of Pioneer Natural Resources in a research note on Thursday, September 8th. They issued a “neutral” rating and a $200.00 price target on the stock. Wunderlich increased their price objective on shares of Pioneer Natural Resources from $182.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, October 10th. KeyCorp increased their price objective on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Mizuho began coverage on shares of Pioneer Natural Resources in a research note on Wednesday, October 5th. They set a “neutral” rating and a $196.00 price objective on the stock. Finally, Jefferies Group reiterated a “buy” rating and set a $206.00 price objective on shares of Pioneer Natural Resources in a research note on Wednesday, October 19th. One equities research 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 given a strong buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $182.65.

In related news, COO Timothy L. Dove sold 57,363 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the completion of the transaction, the chief operating officer now owns 289,693 shares in the company, valued at $51,069,978.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $185.14, for a total value of $1,851,400.00. Following the transaction, the chief executive officer now owns 585,868 shares of the company’s stock, valued at approximately $108,467,601.52. The disclosure for this sale can be found here. Corporate 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.

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