Chicago Equity Partners LLC cut its position in Pioneer Natural Resources Company (NYSE:PXD) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,970 shares of the oil and gas development company’s stock after selling 1,640 shares during the period. Chicago Equity Partners LLC’s holdings in Pioneer Natural Resources were worth $12,123,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Glen Harbor Capital Management LLC increased its position in shares of Pioneer Natural Resources by 112.9% in the first quarter. Glen Harbor Capital Management LLC now owns 6,886 shares of the oil and gas development company’s stock worth $1,282,000 after buying an additional 3,652 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Pioneer Natural Resources during the first quarter worth $279,000. Cullen Frost Bankers Inc. increased 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 worth $12,549,000 after buying an additional 317 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Pioneer Natural Resources by 1.0% in the first quarter. Wetherby Asset Management Inc. now owns 3,165 shares of the oil and gas development company’s stock worth $589,000 after buying an additional 32 shares during the last quarter. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Pioneer Natural Resources during the first quarter worth $1,666,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Pioneer Natural Resources Company (PXD) traded up 1.2597% on Thursday, hitting $130.4225. 153,030 shares of the stock traded hands. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 131.6070 and a beta of 0.91. The company’s 50 day moving average price is $147.17 and its 200-day moving average price is $169.06. Pioneer Natural Resources Company has a 52-week low of $127.44 and a 52-week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s quarterly revenue was up 107.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. On average, analysts forecast that Pioneer Natural Resources Company will post $1.10 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. Pioneer Natural Resources’s payout ratio is 8.16%.

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PXD has been the topic of a number of research analyst reports. Scotiabank restated a “buy” rating and issued a $245.00 target price on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Williams Capital set a $200.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Thursday, May 4th. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. KLR Group boosted their target price on Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $246.00 target price (up previously from $225.00) on shares of Pioneer Natural Resources in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $204.40.

In other Pioneer Natural Resources news, Director Andrew F. Cates bought 350 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J Kenneth Thompson bought 750 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.

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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