Pictet Asset Management Ltd. raised its position in shares of Pioneer Natural Resources (NYSE:PXD) by 7.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 95,226 shares of the oil and gas development company’s stock after buying an additional 6,800 shares during the period. Pictet Asset Management Ltd.’s holdings in Pioneer Natural Resources were worth $17,734,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. State Street Corp boosted its stake in Pioneer Natural Resources by 6.4% in the fourth quarter. State Street Corp now owns 11,104,321 shares of the oil and gas development company’s stock worth $1,999,544,000 after buying an additional 664,476 shares during the period. JPMorgan Chase & Co. boosted its position in Pioneer Natural Resources by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 9,158,677 shares of the oil and gas development company’s stock valued at $1,700,759,000 after buying an additional 166,270 shares during the last quarter. Capital Research Global Investors boosted its position in Pioneer Natural Resources by 41.6% in the third quarter. Capital Research Global Investors now owns 7,367,002 shares of the oil and gas development company’s stock valued at $1,367,684,000 after buying an additional 2,165,002 shares during the last quarter. FMR LLC boosted its position in Pioneer Natural Resources by 7.9% in the fourth quarter. FMR LLC now owns 7,120,219 shares of the oil and gas development company’s stock valued at $1,282,138,000 after buying an additional 521,539 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Pioneer Natural Resources by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up 2.70% on Friday, hitting $177.42. The company had a trading volume of 913,063 shares. The stock’s market capitalization is $30.18 billion. Pioneer Natural Resources has a 52 week low of $146.08 and a 52 week high of $199.83. The firm’s 50 day moving average price is $177.82 and its 200-day moving average price is $182.41.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. Pioneer Natural Resources had a negative return on equity of 0.33% and a negative net margin of 14.56%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned ($0.64) EPS. The firm’s revenue for the quarter was up 114.3% on a year-over-year basis. Analysts forecast that Pioneer Natural Resources will post $1.91 earnings per share for the current fiscal year.
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Several analysts have recently issued reports on the company. Zacks Investment Research lowered Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Williams Capital lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating and reduced their target price for the stock from $226.00 to $206.00 in a report on Tuesday, January 24th. KLR Group reissued a “buy” rating and set a $273.00 target price (up from $254.00) on shares of Pioneer Natural Resources in a report on Thursday, February 9th. Jefferies Group LLC reissued a “buy” rating and set a $245.00 target price (up from $224.00) on shares of Pioneer Natural Resources in a report on Monday, February 13th. Finally, Mitsubishi UFJ Financial Group lowered Pioneer Natural Resources from an “overweight” rating to a “neutral” rating in a report on Friday, January 20th. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $213.38.
In related news, VP Stephanie D. Stewart sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $191.00, for a total transaction of $171,900.00. Following the completion of the transaction, the vice president now owns 11,206 shares of the company’s stock, valued at approximately $2,140,346. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark H. Kleinman sold 1,758 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $186.24, for a total value of $327,409.92. Following the transaction, the senior vice president now directly owns 17,201 shares of the company’s stock, valued at approximately $3,203,514.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,107 shares of company stock valued at $2,021,611. 0.92% of the stock is owned by corporate insiders.
About Pioneer Natural Resources
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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