Gamco Investors INC. ET AL continued to hold its position in shares of Pioneer Natural Resources (NYSE:PXD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,900 shares of the oil and gas development company’s stock at the end of the first quarter. Gamco Investors INC. ET AL’s holdings in Pioneer Natural Resources were worth $540,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PXD. CWM LLC raised its position in shares of Pioneer Natural Resources by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock valued at $1,386,000 after buying an additional 432 shares during the last quarter. Capital Advisors Inc. OK purchased a new position in shares of Pioneer Natural Resources during the first quarter valued at about $660,000. Cullen Frost Bankers Inc. raised its position in shares of Pioneer Natural Resources by 0.5% in the first quarter. Cullen Frost Bankers Inc. now owns 67,386 shares of the oil and gas development company’s stock valued at $12,549,000 after buying an additional 317 shares during the last quarter. Transamerica Financial Advisors Inc. raised its position in shares of Pioneer Natural Resources by 7.3% in the third quarter. Transamerica Financial Advisors Inc. now owns 10,375 shares of the oil and gas development company’s stock valued at $1,926,000 after buying an additional 707 shares during the last quarter. Finally, DFT Energy LP purchased a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $12,605,000. 93.86% of the stock is currently owned by institutional investors.

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

Pioneer Natural Resources (NYSE:PXD) traded down 2.90% during mid-day trading on Thursday, reaching $168.62. 1,612,956 shares of the company’s stock traded hands. The company’s market capitalization is $28.68 billion. The company has a 50-day moving average of $175.99 and a 200-day moving average of $182.35. Pioneer Natural Resources has a 52-week low of $146.08 and a 52-week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Pioneer Natural Resources had a negative net margin of 14.56% and a negative return on equity of 0.33%. The firm’s quarterly revenue was up 114.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.64) EPS. Equities research analysts expect that Pioneer Natural Resources will post $1.91 EPS for the current year.

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PXD has been the topic of several research reports. Seaport Global Securities lowered Pioneer Natural Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $225.00 to $215.00 in a report on Friday, March 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $225.00 price objective (up previously from $217.00) on shares of Pioneer Natural Resources in a report on Friday, January 27th. KLR Group reaffirmed a “buy” rating and set a $273.00 price objective (up previously from $254.00) on shares of Pioneer Natural Resources in a report on Thursday, February 9th. Mizuho raised Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, March 21st. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $190.00 price objective (up previously from $188.00) on shares of Pioneer Natural Resources in a report on Thursday, January 26th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $213.38.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephanie D. Stewart sold 900 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $191.00, for a total transaction of $171,900.00. Following the completion of the sale, the vice president now owns 11,206 shares of the company’s stock, valued at approximately $2,140,346. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,907 shares of company stock valued at $1,789,759. 0.92% of the stock is owned by insiders.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

12 Month Chart for NYSE:PXD

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