Pioneer Natural Resources (PXD) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. boosted its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,576 shares of the oil and gas development company’s stock after purchasing an additional 1,768 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Pioneer Natural Resources worth $21,921,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PXD. State Board of Administration of Florida Retirement System boosted its holdings in shares of Pioneer Natural Resources by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after acquiring an additional 4,040 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Pioneer Natural Resources by 83.4% in the 2nd quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after acquiring an additional 4,173 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of Pioneer Natural Resources by 66.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock valued at $30,504,000 after acquiring an additional 76,268 shares during the last quarter. First Washington CORP boosted its holdings in shares of Pioneer Natural Resources by 34.0% in the 2nd quarter. First Washington CORP now owns 16,385 shares of the oil and gas development company’s stock valued at $2,615,000 after acquiring an additional 4,160 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at $642,000. 90.90% of the stock is currently owned by institutional investors.

Pioneer Natural Resources (NYSE:PXD) traded up $1.65 during trading hours on Monday, reaching $155.90. 1,165,500 shares of the company’s stock were exchanged, compared to its average volume of 1,841,370. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The firm has a market capitalization of $26,528.77, a PE ratio of 109.02, a PEG ratio of 9.96 and a beta of 0.97. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. equities research analysts predict that Pioneer Natural Resources will post 1.53 earnings per share for the current year.

PXD has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Mizuho reissued a “buy” rating and set a $196.00 price target on shares of Pioneer Natural Resources in a report on Friday, September 29th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, October 11th. Jefferies Group increased their price target on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Barclays increased their price target on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $194.20.

In other Pioneer Natural Resources news, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the transaction, the senior vice president now directly owns 12,861 shares in the company, valued at $2,036,796.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The disclosure for this sale can be found here. Insiders have sold 22,192 shares of company stock valued at $3,529,917 over the last 90 days. 0.89% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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