Geode Capital Management LLC Has $293.48 Million Stake in Pioneer Natural Resources Company (PXD)

Geode Capital Management LLC boosted its stake in Pioneer Natural Resources Company (NYSE:PXD) by 8.9% during the first quarter, Holdings Channel reports. The firm owned 1,578,236 shares of the oil and gas development company’s stock after buying an additional 128,494 shares during the period. Geode Capital Management LLC owned about 0.93% of Pioneer Natural Resources Company worth $293,476,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PXD. CWM LLC increased its stake in Pioneer Natural Resources Company by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock valued at $1,386,000 after buying an additional 432 shares during the last quarter. Capital Advisors Inc. OK bought a new stake in Pioneer Natural Resources Company during the first quarter valued at $660,000. Cullen Frost Bankers Inc. increased its stake in Pioneer Natural Resources Company by 0.5% in the first quarter. Cullen Frost Bankers Inc. now owns 67,386 shares of the oil and gas development company’s stock valued at $12,549,000 after buying an additional 317 shares during the last quarter. Lucas Capital Management increased its stake in Pioneer Natural Resources Company by 43.1% in the first quarter. Lucas Capital Management now owns 6,640 shares of the oil and gas development company’s stock valued at $1,237,000 after buying an additional 2,000 shares during the last quarter. Finally, Symphony Asset Management LLC increased its stake in Pioneer Natural Resources Company by 41.5% in the first quarter. Symphony Asset Management LLC now owns 6,354 shares of the oil and gas development company’s stock valued at $1,183,000 after buying an additional 1,862 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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

Pioneer Natural Resources Company (PXD) opened at 155.93 on Friday. The firm’s market capitalization is $26.52 billion. Pioneer Natural Resources Company has a 1-year low of $146.08 and a 1-year high of $199.83. The firm’s 50-day moving average is $168.41 and its 200-day moving average is $180.54.

Pioneer Natural Resources Company (NYSE:PXD) last posted its 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. Pioneer Natural Resources Company had a negative net margin of 7.20% and a positive return on equity of 1.08%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned ($0.64) EPS. The firm’s quarterly revenue was up 114.3% compared to the same quarter last year. On average, equities analysts anticipate that Pioneer Natural Resources Company will post $1.71 EPS for the current year.

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Several research firms have recently weighed in on PXD. Zacks Investment Research downgraded shares of Pioneer Natural Resources Company from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Credit Suisse Group reissued an “outperform” rating and issued a $236.00 target price on shares of Pioneer Natural Resources Company in a research report on Friday, June 2nd. BidaskClub downgraded shares of Pioneer Natural Resources Company from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Scotiabank reissued a “buy” rating and issued a $245.00 target price on shares of Pioneer Natural Resources Company in a research report on Monday, May 15th. Finally, Jefferies Group LLC set a $245.00 target price on shares of Pioneer Natural Resources Company and gave the stock a “buy” rating in a research report on Monday, March 20th. 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. The stock presently has an average rating of “Buy” and a consensus target price of $216.50.

In other Pioneer Natural Resources Company news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $173.79, for a total transaction of $999,118.71. Following the sale, the executive vice president now owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

About Pioneer Natural Resources Company

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.

Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources Company (NYSE:PXD).

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