Norinchukin Bank The increased its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,804 shares of the oil and gas development company’s stock after purchasing an additional 771 shares during the period. Norinchukin Bank The’s holdings in Pioneer Natural Resources were worth $1,884,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PXD. Commonwealth Bank of Australia grew its position in shares of Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares during the period. BDO Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources in the second quarter valued at $120,000. Morgan Dempsey Capital Management LLC grew 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 valued at $147,000 after purchasing an additional 26 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Pioneer Natural Resources in the first quarter valued at $172,000. Finally, Grove Bank & Trust grew its position in shares of Pioneer Natural Resources by 112.3% in the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after purchasing an additional 620 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

In related news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,200 shares of company stock valued at $161,102. Company insiders own 0.89% of the company’s stock.

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Pioneer Natural Resources Company (NYSE:PXD) opened at 136.93 on Friday. The firm has a market capitalization of $23.29 billion, a P/E ratio of 138.17 and a beta of 0.94. The stock’s 50 day moving average price is $134.84 and its 200 day moving average price is $163.19. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates 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 revenue was up 107.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.22) earnings per share. On average, analysts forecast that Pioneer Natural Resources Company will post $1.12 earnings per share for the current year.

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

PXD has been the topic of a number of research analyst reports. Cowen and Company set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada set a $233.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. Imperial Capital initiated coverage on Pioneer Natural Resources in a report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price on the stock. Capital One Financial Corporation reiterated an “overweight” rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. Finally, Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $204.40.

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.

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

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