Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Pioneer Natural Resources Company (NYSE:PXD) by 34.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,661 shares of the oil and gas development company’s stock after buying an additional 10,375 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pioneer Natural Resources were worth $6,489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Coconut Grove Bank increased 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 last quarter. Winch Advisory Services LLC purchased a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $112,000. BDO Wealth Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter worth approximately $120,000. Morgan Dempsey Capital Management LLC increased 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 last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $172,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Pioneer Natural Resources Company (NYSE:PXD) opened at 129.65 on Friday. Pioneer Natural Resources Company has a one year low of $127.44 and a one year high of $199.83. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 130.83 and a beta of 0.91. The firm’s 50-day moving average is $143.83 and its 200 day moving average is $167.43.

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

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

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Several research firms have issued reports on PXD. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, May 17th. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Finally, KLR Group upped their price objective on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $204.40.

In related news, Director Andrew F. Cates acquired 350 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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, for a total transaction of $100,050.00. Following the acquisition, the director now owns 10,865 shares in the company, valued at $1,449,391. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,200 shares of company stock worth $161,102. Insiders own 0.89% 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)

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