Eaton Vance Management raised its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 118.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,449 shares of the oil and gas development company’s stock after acquiring an additional 350,760 shares during the period. Eaton Vance Management owned about 0.38% of Pioneer Natural Resources worth $103,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prospera Financial Services Inc grew its holdings in shares of Pioneer Natural Resources by 0.4% in the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock worth $293,000 after purchasing an additional 7 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Pioneer Natural Resources by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock worth $467,000 after purchasing an additional 10 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in shares of Pioneer Natural Resources by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock worth $518,000 after purchasing an additional 13 shares during the last quarter. Atlantic Trust LLC grew its holdings in shares of Pioneer Natural Resources by 1.0% in the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock worth $364,000 after purchasing an additional 20 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its holdings 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 purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Pioneer Natural Resources Company (PXD) traded down 1.60% during midday trading on Thursday, reaching $130.95. The company had a trading volume of 229,492 shares. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The firm has a 50-day moving average of $140.77 and a 200 day moving average of $165.62. The company has a market capitalization of $22.27 billion, a P/E ratio of 132.14 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly 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. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted ($0.22) earnings per share. The firm’s revenue was up 107.4% compared to the same quarter last year. On average, equities research analysts forecast that Pioneer Natural Resources Company will post $1.10 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.04 dividend. 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 (DPR) is presently 8.16%.

In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the purchase, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now 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. Over the last quarter, insiders acquired 1,200 shares of company stock valued at $161,102. 0.89% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on the stock. Jefferies Group LLC set a $171.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 29th. Imperial Capital initiated coverage on Pioneer Natural Resources in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 price target for the company. Zacks Investment Research raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup Inc. dropped their price target on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $204.40.

TRADEMARK VIOLATION NOTICE: “Eaton Vance Management Acquires 350,760 Shares of Pioneer Natural Resources Company (PXD)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/07/eaton-vance-management-acquires-350760-shares-of-pioneer-natural-resources-company-pxd.html.

Pioneer Natural Resources 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.

Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources Company (NYSE:PXD).

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.