Bank of New York Mellon Corp cut its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,353,904 shares of the oil and gas development company’s stock after selling 100,849 shares during the period. Bank of New York Mellon Corp owned approximately 1.38% of Pioneer Natural Resources worth $347,296,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter valued at about $100,000. Commonwealth Bank of Australia raised its stake in shares of Pioneer Natural Resources by 10.8% during 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 acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter valued at about $120,000. WFG Advisors LP raised its stake in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Pioneer Natural Resources by 112.3% during 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 acquiring an additional 620 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

PXD has been the topic of several research analyst reports. Stifel Nicolaus set a $236.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. Mizuho reiterated a “buy” rating and set a $196.00 price target on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Capital One Financial Corporation reiterated an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $214.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $194.07.

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Shares of Pioneer Natural Resources Company (NYSE PXD) traded up $0.42 during midday trading on Friday, hitting $151.46. 159,979 shares of the stock were exchanged, compared to its average volume of 1,890,000. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $25,760.00, a PE ratio of 105.95, a PEG ratio of 10.47 and a beta of 0.96. 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 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. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. sell-side analysts expect that Pioneer Natural Resources Company will post 1.42 earnings per share for the current fiscal year.

In related news, Chairman Scott D. Sheffield sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total transaction of $805,700.00. Following the completion of the transaction, the chairman now directly owns 585,466 shares of the company’s stock, valued at $94,341,991.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the transaction, the chief executive officer now directly owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold 18,490 shares of company stock valued at $2,926,897 over the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

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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