L & S Advisors Inc lowered its position in Pioneer Natural Resources Company (NYSE:PXD) by 80.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,760 shares of the oil and gas development company’s stock after selling 15,104 shares during the quarter. L & S Advisors Inc’s holdings in Pioneer Natural Resources were worth $600,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. grew its position in shares of Pioneer Natural Resources by 9.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock valued at $83,400,000 after acquiring an additional 37,839 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Pioneer Natural Resources by 29.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 26,397 shares of the oil and gas development company’s stock valued at $4,918,000 after purchasing an additional 6,010 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Pioneer Natural Resources by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 3,613 shares of the oil and gas development company’s stock valued at $673,000 after purchasing an additional 110 shares during the period. Nordea Investment Management AB raised its holdings in shares of Pioneer Natural Resources by 1.8% in the 1st quarter. Nordea Investment Management AB now owns 7,962 shares of the oil and gas development company’s stock valued at $1,483,000 after purchasing an additional 144 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Pioneer Natural Resources by 139.7% in the 1st quarter. Private Advisor Group LLC now owns 8,250 shares of the oil and gas development company’s stock valued at $617,000 after purchasing an additional 4,808 shares during the period. Hedge funds and other institutional investors own 91.57% of the company’s stock.

PXD has been the topic of a number of recent analyst reports. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Pioneer Natural Resources in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $201.35.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded up 0.9097% during midday trading on Monday, reaching $148.8821. 441,222 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $133.40 and a 200 day moving average price of $162.00. The company has a market cap of $25.32 billion, a P/E ratio of 150.2342 and a beta of 0.94. 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 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. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned ($0.22) EPS. Pioneer Natural Resources’s revenue was up 107.4% compared to the same quarter last year. Equities research analysts forecast that Pioneer Natural Resources Company will post $1.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.

In related news, Director Andrew F. Cates acquired 350 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction 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 sale, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,200 shares of company stock worth $161,102. Company insiders own 0.89% of the company’s stock.

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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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