BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 27.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,556 shares of the oil and gas development company’s stock after selling 19,490 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Pioneer Natural Resources were worth $9,155,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Pioneer Natural Resources by 1.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock worth $4,526,000 after purchasing an additional 273 shares during the period. CWM LLC grew its stake in shares of Pioneer Natural Resources by 5.4% during the 3rd quarter. CWM LLC now owns 6,650 shares of the oil and gas development company’s stock worth $1,158,000 after purchasing an additional 343 shares during the period. Dupont Capital Management Corp grew its stake in shares of Pioneer Natural Resources by 8.1% during the 3rd quarter. Dupont Capital Management Corp now owns 4,742 shares of the oil and gas development company’s stock worth $826,000 after purchasing an additional 357 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Pioneer Natural Resources by 1.6% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,522 shares of the oil and gas development company’s stock worth $4,451,000 after purchasing an additional 361 shares during the period. Finally, Intrust Bank NA grew its stake in shares of Pioneer Natural Resources by 23.9% during the 2nd quarter. Intrust Bank NA now owns 1,935 shares of the oil and gas development company’s stock worth $367,000 after purchasing an additional 373 shares during the period. Institutional investors own 87.14% of the company’s stock.

Shares of PXD stock opened at $142.62 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.20. The firm has a market capitalization of $24.83 billion, a price-to-earnings ratio of 66.03, a PEG ratio of 1.67 and a beta of 1.11. Pioneer Natural Resources has a fifty-two week low of $135.24 and a fifty-two week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.38. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.24 billion. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The firm’s revenue for the quarter was up 112.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Sell-side analysts expect that Pioneer Natural Resources will post 7.16 EPS for the current year.

PXD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $194.00 price objective on the stock in a research note on Tuesday, October 16th. Ifs Securities raised shares of Pioneer Natural Resources from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 14th. Oppenheimer reaffirmed a “hold” rating on shares of Pioneer Natural Resources in a research note on Thursday, October 25th. Mizuho set a $206.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Finally, ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and a consensus price target of $232.29.

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About Pioneer Natural Resources

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.

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

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