APG Asset Management N.V. reduced its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 73.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,320 shares of the oil and gas development company’s stock after selling 182,311 shares during the period. APG Asset Management N.V.’s holdings in Pioneer Natural Resources were worth $9,490,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. GWM Advisors LLC purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $100,000. Commonwealth Bank of Australia boosted its holdings in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $120,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Pioneer Natural Resources in the 1st quarter valued at $172,000. Finally, WFG Advisors LP boosted its holdings in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.
In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $157.57, for a total transaction of $512,102.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson bought 750 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, with a total value of $100,050.00. Following the purchase, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by company insiders.
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Pioneer Natural Resources Company (NYSE PXD) traded down $2.21 during trading on Friday, reaching $158.93. 1,394,500 shares of the company traded hands, compared to its average volume of 2,059,751. Pioneer Natural Resources Company has a 52-week low of $125.46 and a 52-week high of $199.83. The firm has a market capitalization of $27,044.32, a PE ratio of 111.14, a P/E/G ratio of 11.11 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $0.13 earnings per share. Pioneer Natural Resources’s revenue was up 23.1% compared to the same quarter last year. research analysts anticipate that Pioneer Natural Resources Company will post 1.4 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Mizuho reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a report on Friday, November 3rd. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Friday. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, August 4th. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $194.07.
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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