Public Employees Retirement System of Ohio reduced its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,019 shares of the oil and gas development company’s stock after selling 7,212 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of Pioneer Natural Resources worth $26,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PXD. Schwab Charles Investment Management Inc. grew its holdings in Pioneer Natural Resources by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 540,072 shares of the oil and gas development company’s stock valued at $86,185,000 after purchasing an additional 23,676 shares during the period. Legal & General Group Plc grew its holdings in Pioneer Natural Resources by 0.6% in the second quarter. Legal & General Group Plc now owns 768,072 shares of the oil and gas development company’s stock valued at $122,569,000 after purchasing an additional 4,298 shares during the period. Comerica Bank grew its holdings in Pioneer Natural Resources by 1.7% in the second quarter. Comerica Bank now owns 55,034 shares of the oil and gas development company’s stock valued at $8,811,000 after purchasing an additional 914 shares during the period. Blair William & Co. IL grew its holdings in Pioneer Natural Resources by 5.9% in the second quarter. Blair William & Co. IL now owns 136,646 shares of the oil and gas development company’s stock valued at $21,806,000 after purchasing an additional 7,641 shares during the period. Finally, Northeast Investment Management grew its holdings in Pioneer Natural Resources by 13.7% in the second quarter. Northeast Investment Management now owns 61,099 shares of the oil and gas development company’s stock valued at $9,750,000 after purchasing an additional 7,384 shares during the period. Institutional investors own 90.90% of the company’s stock.

A number of analysts have recently issued reports on PXD shares. Morgan Stanley lowered their price target on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Mizuho reaffirmed a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Wednesday, October 11th. Jefferies Group lifted their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Barclays lifted their price target on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. One equities 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 company. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $192.20.

Pioneer Natural Resources (PXD) opened at $155.83 on Friday. The firm has a market capitalization of $26,516.81, a price-to-earnings ratio of 108.97, a price-to-earnings-growth ratio of 9.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. equities analysts forecast that Pioneer Natural Resources will post 1.55 EPS for the current fiscal year.

In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark H. Kleinman sold 2,582 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $158.37, for a total value of $408,911.34. Following the transaction, the senior vice president now directly owns 12,861 shares in the company, valued at approximately $2,036,796.57. The disclosure for this sale can be found here. Insiders have sold 25,392 shares of company stock worth $4,036,997 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

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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.

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

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