Cleararc Capital Inc. Has $777,000 Stake in Pioneer Natural Resources Company (PXD)

Cleararc Capital Inc. raised its stake in Pioneer Natural Resources Company (NYSE:PXD) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,315 shares of the oil and gas development company’s stock after buying an additional 35 shares during the period. Cleararc Capital Inc.’s holdings in Pioneer Natural Resources Company were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC boosted its position in Pioneer Natural Resources Company by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 617 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 35 shares during the period. Hudock Capital Group LLC boosted its position in Pioneer Natural Resources Company by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 125 shares during the period. Massey Quick & Co. LLC purchased a new position in Pioneer Natural Resources Company during the fourth quarter worth approximately $143,000. Mraz Amerine & Associates Inc. purchased a new position in Pioneer Natural Resources Company during the third quarter worth approximately $213,000. Finally, MSI Financial Services Inc boosted its position in Pioneer Natural Resources Company by 0.4% in the third quarter. MSI Financial Services Inc now owns 1,173 shares of the oil and gas development company’s stock worth $218,000 after buying an additional 5 shares during the period. Institutional investors own 93.86% of the company’s stock.

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

Pioneer Natural Resources Company (NYSE:PXD) opened at 193.21 on Friday. The company’s 50 day moving average price is $184.49 and its 200 day moving average price is $181.82. Pioneer Natural Resources Company has a 12 month low of $115.17 and a 12 month high of $199.83. The firm’s market capitalization is $32.85 billion.

Pioneer Natural Resources Company (NYSE:PXD) last posted its earnings results on Tuesday, February 7th. The oil and gas development company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. Pioneer Natural Resources Company had a negative net margin of 14.56% and a negative return on equity of 0.33%. The firm earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned ($0.18) EPS. Pioneer Natural Resources Company’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts anticipate that Pioneer Natural Resources Company will post $1.75 EPS for the current year.

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Several brokerages have recently issued reports on PXD. Zacks Investment Research cut Pioneer Natural Resources Company from a “buy” rating to a “hold” rating in a research note on Thursday, January 26th. Societe Generale upgraded Pioneer Natural Resources Company from a “sell” rating to a “hold” rating in a research note on Wednesday, January 11th. TheStreet upgraded Pioneer Natural Resources Company from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Scotiabank set a $225.00 price objective on Pioneer Natural Resources Company and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $245.00 price objective (up from $224.00) on shares of Pioneer Natural Resources Company in a research note on Monday. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $199.26.

In other Pioneer Natural Resources Company news, insider Scott D. Sheffield sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $197.33, for a total value of $591,990.00. Following the completion of the transaction, the insider now owns 608,291 shares in the company, valued at approximately $120,034,063.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $185.14, for a total transaction of $1,851,400.00. Following the completion of the transaction, the chief executive officer now owns 585,868 shares of the company’s stock, valued at approximately $108,467,601.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,000 shares of company stock valued at $2,998,630. 0.92% of the stock is owned by insiders.

About Pioneer Natural Resources Company

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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