Comerica Bank Raises Position in Pioneer Natural Resources Company (PXD)

Comerica Bank increased its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,202 shares of the oil and gas development company’s stock after acquiring an additional 1,168 shares during the quarter. Comerica Bank’s holdings in Pioneer Natural Resources were worth $8,221,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth $100,000. Commonwealth Bank of Australia boosted its position in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth $120,000. WFG Advisors LP boosted its position in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Pioneer Natural Resources by 112.3% during the second quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock worth $187,000 after acquiring an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total transaction of $279,414.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders sold a total of 18,490 shares of company stock worth $2,926,897 in the last ninety days. 0.89% of the stock is currently owned by insiders.

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Pioneer Natural Resources Company (NYSE PXD) opened at $152.22 on Friday. The company has a market cap of $25,902.52, a PE ratio of 106.45, a P/E/G ratio of 10.35 and a beta of 0.96. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. analysts forecast that Pioneer Natural Resources Company will post 1.44 earnings per share for the current fiscal year.

PXD has been the subject of a number of research reports. Citigroup Inc. dropped their target price on shares of Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. Stifel Nicolaus set a $236.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $214.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Barclays PLC set a $136.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $194.07.

Pioneer Natural Resources 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 (NYSE:PXD)

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