15,833 Shares in Pioneer Natural Resources Company (PXD) Acquired by Forbes J M & Co. LLP

Forbes J M & Co. LLP bought a new position in Pioneer Natural Resources Company (NYSE:PXD) during the first quarter, Holdings Channel reports. The fund bought 15,833 shares of the oil and gas development company’s stock, valued at approximately $2,948,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PXD. Coconut Grove Bank increased its position in Pioneer Natural Resources Company by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares in the last quarter. Quadrant Capital Group LLC increased its position in Pioneer Natural Resources Company by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares in the last quarter. Winch Advisory Services LLC purchased a new position in Pioneer Natural Resources Company during the first quarter valued at about $112,000. Morgan Dempsey Capital Management LLC increased its position in Pioneer Natural Resources Company by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares in the last quarter. Finally, Financial Architects Inc purchased a new position in Pioneer Natural Resources Company during the first quarter valued at about $154,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Pioneer Natural Resources Company (PXD) opened at 155.21 on Tuesday. Pioneer Natural Resources Company has a 12 month low of $146.08 and a 12 month high of $199.83. The firm’s market cap is $26.40 billion. The stock’s 50 day moving average is $168.41 and its 200 day moving average is $180.54.

Pioneer Natural Resources Company (NYSE:PXD) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Pioneer Natural Resources Company had a positive return on equity of 1.08% and a negative net margin of 7.20%. The firm’s revenue for the quarter was up 114.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.64) earnings per share. Equities research analysts expect that Pioneer Natural Resources Company will post $1.67 EPS for the current year.

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Several research analysts have recently issued reports on PXD shares. Seaport Global Securities downgraded Pioneer Natural Resources Company from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $225.00 to $215.00 in a research note on Friday, March 31st. Mizuho raised Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 21st. Scotiabank reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Pioneer Natural Resources Company in a research note on Thursday, March 16th. BidaskClub downgraded Pioneer Natural Resources Company from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Pioneer Natural Resources Company in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $216.50.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the sale, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.92% of the stock is owned by corporate insiders.

Pioneer Natural Resources Company Company Profile

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 Company (NYSE:PXD)

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