Reaves W H & Co. Inc. lessened its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 6.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,794 shares of the oil and gas development company’s stock after selling 14,786 shares during the quarter. Reaves W H & Co. Inc. owned 0.12% of Pioneer Natural Resources worth $29,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Macquarie Group Ltd. boosted its holdings in Pioneer Natural Resources by 17.1% in the 3rd quarter. Macquarie Group Ltd. now owns 124,554 shares of the oil and gas development company’s stock valued at $18,376,000 after purchasing an additional 18,208 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Pioneer Natural Resources by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,031,598 shares of the oil and gas development company’s stock worth $299,386,000 after acquiring an additional 25,163 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of Pioneer Natural Resources by 13.0% during the 3rd quarter. Commonwealth Equity Services Inc now owns 7,260 shares of the oil and gas development company’s stock worth $1,071,000 after acquiring an additional 836 shares in the last quarter. First Dallas Securities Inc. purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $354,000. Finally, Putnam FL Investment Management Co. purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $8,569,000. 91.41% of the stock is currently owned by institutional investors.

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Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down $0.47 during trading hours on Friday, reaching $151.04. 955,500 shares of the company were exchanged, compared to its average volume of 1,886,256. The company has a market capitalization of $25,950.00, a PE ratio of 105.95, a price-to-earnings-growth 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. 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 (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. research analysts predict that Pioneer Natural Resources Company will post 1.42 earnings per share for the current fiscal year.

In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total value of $279,414.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,490 shares of company stock valued at $2,926,897. 0.89% of the stock is owned by insiders.

Several brokerages recently issued reports on PXD. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $214.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Friday, November 10th. Mizuho reiterated a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a report on Friday, September 29th. Finally, Citigroup Inc. cut their price target on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $194.07.

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.

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

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