Sterling Capital Management LLC boosted its position in Pioneer Natural Resources Company (NYSE:PXD) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,268 shares of the oil and gas development company’s stock after buying an additional 549 shares during the period. Sterling Capital Management LLC’s holdings in Pioneer Natural Resources were worth $1,319,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PXD. Teachers Advisors LLC grew its position in Pioneer Natural Resources by 0.4% in the 1st quarter. Teachers Advisors LLC now owns 455,546 shares of the oil and gas development company’s stock valued at $84,836,000 after buying an additional 1,874 shares during the last quarter. Cleararc Capital Inc. grew its position in Pioneer Natural Resources by 3.0% in the 1st quarter. Cleararc Capital Inc. now owns 4,444 shares of the oil and gas development company’s stock valued at $828,000 after buying an additional 129 shares during the last quarter. Putnam FL Investment Management Co. grew its position in Pioneer Natural Resources by 3.4% in the 1st quarter. Putnam FL Investment Management Co. now owns 63,443 shares of the oil and gas development company’s stock valued at $11,815,000 after buying an additional 2,085 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Pioneer Natural Resources in the 1st quarter valued at $1,403,000. Finally, Marshall Wace North America L.P. purchased a new position in Pioneer Natural Resources in the 1st quarter valued at $1,403,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) opened at 144.75 on Friday. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83. The firm has a market cap of $24.62 billion, a P/E ratio of 146.06 and a beta of 0.94. The company has a 50-day moving average of $142.42 and a 200 day moving average of $156.16.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the 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 business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue was up 107.4% compared to the same quarter last year. On average, equities analysts predict that Pioneer Natural Resources Company will post $1.16 earnings per share for the current year.

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

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In other Pioneer Natural Resources news, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the purchase, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Kenneth Thompson acquired 750 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, with a total value 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,200 shares of company stock valued at $161,102. 0.89% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on PXD shares. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank Of Canada set a $201.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Sunday, October 15th. Piper Jaffray Companies lowered their price objective on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Cowen and Company set a $210.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Imperial Capital started coverage on shares of Pioneer Natural Resources in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $194.75.

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.

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

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