Federated Investors Inc. PA lowered its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 32.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 221,941 shares of the oil and gas development company’s stock after selling 105,048 shares during the period. Federated Investors Inc. PA owned 0.13% of Pioneer Natural Resources worth $35,417,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PXD. Coconut Grove Bank boosted its position in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the period. Winch Advisory Services LLC purchased a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $112,000. Morgan Dempsey Capital Management LLC boosted its position in shares of Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after buying an additional 26 shares during the period. Financial Architects Inc purchased a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $154,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $172,000. Institutional investors own 92.85% of the company’s stock.

Pioneer Natural Resources Company (PXD) opened at 129.71 on Thursday. The firm’s 50-day moving average price is $148.80 and its 200 day moving average price is $169.72. Pioneer Natural Resources Company has a 52-week low of $127.44 and a 52-week high of $199.83. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of 130.89 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company’s quarterly revenue was up 107.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) earnings per share. On average, equities research analysts forecast that Pioneer Natural Resources Company will post $1.13 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/24/pioneer-natural-resources-company-pxd-shares-sold-by-federated-investors-inc-pa.html.

A number of brokerages recently commented on PXD. Credit Suisse Group restated an “outperform” rating and set a $236.00 target price on shares of Pioneer Natural Resources in a report on Friday, June 2nd. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets lowered their target price on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, July 14th. Zacks Investment Research upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, BidaskClub cut Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus price target of $208.00.

In related news, Director J Kenneth Thompson acquired 750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, with a total value of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew F. Cates acquired 350 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired 1,200 shares of company stock worth $161,102 over the last ninety days. Company insiders own 0.92% of the company’s stock.

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.

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

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