First Eagle Investment Management LLC purchased a new position in shares of Pioneer Natural Resources Company (NYSE:PXD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 510,483 shares of the oil and gas development company’s stock, valued at approximately $75,317,000. First Eagle Investment Management LLC owned 0.30% of Pioneer Natural Resources as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Pioneer Natural Resources by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock worth $1,934,718,000 after buying an additional 295,861 shares during the period. Capital World Investors raised its stake in Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares during the period. Carmignac Gestion raised its stake in Pioneer Natural Resources by 10.7% during the 2nd quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock worth $483,364,000 after buying an additional 292,612 shares during the period. American Century Companies Inc. raised its stake in shares of Pioneer Natural Resources by 20.2% in the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock worth $337,410,000 after purchasing an additional 384,485 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after purchasing an additional 716,266 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down $2.01 during mid-day trading on Tuesday, hitting $156.92. The company had a trading volume of 1,266,300 shares, compared to its average volume of 1,891,657. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The stock has a market capitalization of $26,690.00, a P/E ratio of 111.14, a PEG ratio of 11.11 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 23.1% compared to the same quarter last year. sell-side analysts predict that Pioneer Natural Resources Company will post 1.4 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Citigroup Inc. lowered their price objective on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $194.07.

In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares in the company, valued at $41,784,934.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated 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 approximately $997,987.52. The disclosure for this sale can be found here. Insiders sold 16,690 shares of company stock worth $2,647,483 in the last quarter. 0.89% of the stock is currently owned by company insiders.

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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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