Teachers Retirement System of The State of Kentucky cut its stake in Pioneer Natural Resources Company (NYSE:PXD) by 3.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 49,236 shares of the oil and gas development company’s stock after selling 1,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pioneer Natural Resources were worth $9,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PXD. CWM LLC boosted its stake in 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 period. Capital Advisors Inc. OK bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $660,000. BlackRock Inc. boosted its stake in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $260,000. Finally, Cullen Frost Bankers Inc. boosted its stake 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 period. Institutional investors own 92.78% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) traded down 7.25% during midday trading on Thursday, reaching $135.12. 6,880,720 shares of the company were exchanged. Pioneer Natural Resources Company has a 52-week low of $134.68 and a 52-week high of $199.83. The stock has a market capitalization of $22.98 billion, a price-to-earnings ratio of 128.69 and a beta of 0.91. The firm’s 50-day moving average price is $160.01 and its 200 day moving average price is $175.21.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.80% and a net margin of 3.10%. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period last year, the business earned ($0.22) earnings per share. Equities analysts predict that Pioneer Natural Resources Company will post $1.18 earnings per share for the current year.

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Several brokerages recently commented on PXD. Zacks Investment Research cut shares of Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Credit Suisse Group reiterated an “outperform” rating and issued a $236.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, June 2nd. BMO Capital Markets reduced their price objective on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, Scotiabank reiterated a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $213.18.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the transaction, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is owned by company insiders.

Pioneer Natural Resources Company Profile

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.

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

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