Candriam Luxembourg S.C.A. decreased its stake in Pioneer Natural Resources Company (NYSE:PXD) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,553 shares of the oil and gas development company’s stock after selling 2,006 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Pioneer Natural Resources were worth $1,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc grew its position in shares of Pioneer Natural Resources by 0.4% in the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after purchasing an additional 7 shares during the period. Cadence Capital Management LLC lifted its stake in shares of Pioneer Natural Resources by 0.5% in the second quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock worth $958,000 after buying an additional 30 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Pioneer Natural Resources by 2.6% in the second quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock worth $250,000 after buying an additional 40 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Pioneer Natural Resources by 0.5% in the second quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock worth $1,277,000 after buying an additional 41 shares in the last quarter. Finally, Intrust Bank NA lifted its stake in shares of Pioneer Natural Resources by 2.6% in the second quarter. Intrust Bank NA now owns 1,683 shares of the oil and gas development company’s stock worth $269,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

In related news, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the transaction, the chief executive officer now owns 260,083 shares in the company, valued at $41,784,934.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Scott D. Sheffield sold 5,000 shares of Pioneer Natural Resources stock in a transaction that occurred 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 owns 585,466 shares of the company’s stock, valued at approximately $94,341,991.24. The disclosure for this sale can be found here. Insiders sold 18,490 shares of company stock valued at $2,926,897 in the last 90 days. Company insiders own 0.89% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Friday, November 10th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $180.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Mizuho reissued a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Sanford C. Bernstein raised their price target on shares of Pioneer Natural Resources from $173.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Jefferies Group LLC raised their price target on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $194.07.

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Pioneer Natural Resources Company (NYSE PXD) opened at $152.22 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The firm has a market cap of $25,690.00, a P/E ratio of 106.86, a P/E/G ratio of 10.56 and a beta of 0.96. Pioneer Natural Resources Company has a twelve month low of $125.46 and a twelve month 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 for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. research analysts expect that Pioneer Natural Resources Company will post 1.42 EPS for the current fiscal year.

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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