Pillar Pacific Capital Management LLC reduced its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,100 shares of the oil and gas development company’s stock after selling 111 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Pioneer Natural Resources were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Berman Capital Advisors LLC lifted its stake in Pioneer Natural Resources by 64.9% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its holdings in Pioneer Natural Resources by 1,606.7% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after purchasing an additional 241 shares during the last quarter. HM Payson & Co. acquired a new stake in Pioneer Natural Resources during the 2nd quarter valued at $53,000. Venturi Wealth Management LLC bought a new position in Pioneer Natural Resources during the 3rd quarter worth $53,000. Finally, Foresters Asset Management Inc. increased its position in Pioneer Natural Resources by 35.7% during the 2nd quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock worth $58,000 after buying an additional 100 shares during the period. Institutional investors own 87.26% of the company’s stock.

Several analysts recently weighed in on PXD shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday, August 11th. Citigroup reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Tuesday, October 8th. ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. TD Securities lifted their price target on Pioneer Natural Resources from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Raymond James cut their price target on Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $186.97.

In other news, Director J Kenneth Thompson bought 500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $121.01 per share, with a total value of $60,505.00. Following the purchase, the director now directly owns 13,024 shares in the company, valued at approximately $1,576,034.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Chris J. Cheatwood sold 5,619 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $140.35, for a total transaction of $788,626.65. Following the sale, the executive vice president now directly owns 39,027 shares in the company, valued at $5,477,439.45. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Shares of NYSE PXD traded down $0.77 during mid-day trading on Friday, hitting $135.80. The stock had a trading volume of 399,491 shares, compared to its average volume of 1,668,268. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.78. The company has a 50 day moving average of $128.56 and a two-hundred day moving average of $138.57. Pioneer Natural Resources has a twelve month low of $114.79 and a twelve month high of $178.22. The firm has a market cap of $22.71 billion, a PE ratio of 21.52, a PEG ratio of 1.00 and a beta of 1.14.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. Pioneer Natural Resources’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.07 earnings per share. Equities research analysts predict that Pioneer Natural Resources will post 8.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio is currently 13.95%.

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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