Comerica Bank increased its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 2.1% during the 3rd 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 purchasing an additional 1,168 shares during the quarter. Comerica Bank’s holdings in Pioneer Natural Resources were worth $8,221,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PXD. Rhumbline Advisers grew its stake in Pioneer Natural Resources by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 307,066 shares of the oil and gas development company’s stock worth $45,305,000 after buying an additional 4,694 shares in the last quarter. Parkside Investments LLC purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at $398,000. Toronto Dominion Bank boosted its stake in shares of Pioneer Natural Resources by 11.3% in the 3rd quarter. Toronto Dominion Bank now owns 67,959 shares of the oil and gas development company’s stock valued at $10,027,000 after purchasing an additional 6,904 shares in the last quarter. CI Investments Inc. boosted its stake in shares of Pioneer Natural Resources by 81.4% in the 3rd quarter. CI Investments Inc. now owns 471,411 shares of the oil and gas development company’s stock valued at $69,552,000 after purchasing an additional 211,555 shares in the last quarter. Finally, Kingfisher Capital LLC purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at $1,066,000. Institutional investors and hedge funds own 90.89% of the company’s stock.
A number of brokerages have recently issued reports on PXD. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Friday, November 10th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, November 25th. KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, November 25th. Barclays increased their price target on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Finally, Stifel Nicolaus set a $248.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $194.20.
Shares of Pioneer Natural Resources Company (PXD) traded down $0.81 during midday trading on Monday, hitting $156.35. 1,523,866 shares of the stock were exchanged, compared to its average volume of 1,851,770. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. The stock has a market cap of $26,590.00, a P/E ratio of 109.90, a PEG ratio of 10.04 and a beta of 0.97. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The firm 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 business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. equities research analysts forecast that Pioneer Natural Resources Company will post 1.53 EPS for the current fiscal year.
In other news, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares in the company, valued at $41,784,934.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. In the last three months, insiders sold 23,072 shares of company stock worth $3,644,749. 0.89% of the stock is currently owned by insiders.
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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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