QS Investors LLC raised its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 12.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,869 shares of the oil and gas development company’s stock after acquiring an additional 2,105 shares during the period. QS Investors LLC’s holdings in Pioneer Natural Resources were worth $3,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stifel Financial Corp lifted its stake in Pioneer Natural Resources by 18.1% during the 2nd quarter. Stifel Financial Corp now owns 113,373 shares of the oil and gas development company’s stock valued at $18,071,000 after acquiring an additional 17,375 shares during the period. Bamco Inc. NY bought a new position in Pioneer Natural Resources during the 2nd quarter valued at about $1,149,000. Conatus Capital Management LP lifted its stake in Pioneer Natural Resources by 50.3% during the 2nd quarter. Conatus Capital Management LP now owns 302,946 shares of the oil and gas development company’s stock valued at $48,344,000 after acquiring an additional 101,343 shares during the period. Voya Investment Management LLC lifted its stake in Pioneer Natural Resources by 1.2% during the 2nd quarter. Voya Investment Management LLC now owns 80,271 shares of the oil and gas development company’s stock valued at $12,809,000 after acquiring an additional 948 shares during the period. Finally, Precocity Capital LP bought a new position in Pioneer Natural Resources during the 2nd quarter valued at about $18,352,000. Institutional investors and hedge funds own 91.57% of the company’s stock.

In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew F. Cates purchased 350 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director now directly 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. Insiders acquired 1,200 shares of company stock valued at $161,102 over the last three months. 0.89% of the stock is currently owned by corporate insiders.

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Shares of Pioneer Natural Resources Company (PXD) opened at 151.76 on Thursday. The firm’s 50-day moving average is $136.39 and its 200-day moving average is $159.12. The company has a market cap of $25.81 billion, a PE ratio of 153.14 and a beta of 0.94. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83.

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 Zacks’ consensus estimate 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 the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities analysts forecast that Pioneer Natural Resources Company will post $1.12 earnings per share for the current fiscal year.

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

PXD has been the topic of several research analyst reports. BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $233.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, July 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Pioneer Natural Resources in a research note on Friday, July 7th. Finally, BMO Capital Markets lowered their target price on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, July 14th. 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $201.21.

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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