ETRADE Capital Management LLC cut its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 4.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,791 shares of the oil and gas development company’s stock after selling 381 shares during the period. ETRADE Capital Management LLC’s holdings in Pioneer Natural Resources were worth $1,338,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Timber Creek Capital Management LLC purchased a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $1,519,000. Virtu Financial LLC purchased a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $256,000. Martin Currie Ltd. grew its holdings in shares of Pioneer Natural Resources by 28.2% during the fourth quarter. Martin Currie Ltd. now owns 60,086 shares of the oil and gas development company’s stock valued at $10,386,000 after buying an additional 13,220 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $129,000. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the fourth quarter valued at $25,236,000. 89.85% of the stock is currently owned by institutional investors.

In related news, EVP Chris J. Cheatwood sold 9,513 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $175.93, for a total transaction of $1,673,622.09. Following the completion of the transaction, the executive vice president now owns 42,931 shares of the company’s stock, valued at approximately $7,552,850.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Teresa A. Fairbrook sold 2,134 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $180.00, for a total value of $384,120.00. Following the transaction, the vice president now directly owns 10,284 shares of the company’s stock, valued at approximately $1,851,120. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,176 shares of company stock valued at $14,216,097. 0.92% of the stock is currently owned by corporate insiders.

PXD opened at $203.05 on Wednesday. The stock has a market cap of $34.36 billion, a PE ratio of 56.48, a P/E/G ratio of 2.27 and a beta of 0.94. Pioneer Natural Resources has a 52-week low of $199.39 and a 52-week high of $202.64. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.20.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.16. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Pioneer Natural Resources had a return on equity of 5.57% and a net margin of 15.56%. The firm’s revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. equities research analysts forecast that Pioneer Natural Resources will post 6.75 earnings per share for the current year.

Pioneer Natural Resources declared that its board has authorized a stock repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

A number of research analysts have recently weighed in on PXD shares. Piper Jaffray set a $227.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, March 14th. Mizuho set a $202.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Williams Capital set a $202.00 price target on Pioneer Natural Resources and gave the company a “hold” rating in a report on Thursday, May 3rd. Finally, Stifel Nicolaus set a $280.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $218.67.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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