Hyman Charles D Cuts Stake in Pioneer Natural Resources (NYSE:PXD)

Hyman Charles D lowered its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 23.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,225 shares of the oil and gas development company’s stock after selling 675 shares during the quarter. Hyman Charles D’s holdings in Pioneer Natural Resources were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PXD. Boston Partners grew its position in shares of Pioneer Natural Resources by 28.8% during the first quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock worth $547,679,000 after purchasing an additional 804,760 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Pioneer Natural Resources by 90.6% during the first quarter. Primecap Management Co. CA now owns 1,367,296 shares of the oil and gas development company’s stock worth $208,212,000 after purchasing an additional 649,746 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Pioneer Natural Resources by 95.4% during the first quarter. CIBC Private Wealth Group LLC now owns 802,525 shares of the oil and gas development company’s stock worth $122,208,000 after purchasing an additional 391,775 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Pioneer Natural Resources by 11.7% during the first quarter. Clearbridge Investments LLC now owns 3,177,174 shares of the oil and gas development company’s stock worth $483,820,000 after purchasing an additional 334,024 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Pioneer Natural Resources by 24.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,119,088 shares of the oil and gas development company’s stock valued at $147,184,000 after buying an additional 217,216 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

A number of equities analysts recently commented on the company. Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. TheStreet lowered Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Barclays reissued a “buy” rating and set a $217.00 price target on shares of Pioneer Natural Resources in a research note on Wednesday, April 10th. S&P Equity Research reissued an “overweight” rating and set a $205.00 price target (up from $185.00) on shares of Pioneer Natural Resources in a research note on Wednesday, May 8th. Finally, KeyCorp increased their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $199.06.

In other news, CAO Margaret Montemayor sold 888 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $153.38, for a total value of $136,201.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Shares of NYSE:PXD traded down $0.29 during trading on Friday, hitting $127.27. The company had a trading volume of 2,218,704 shares, compared to its average volume of 1,385,420. The company has a market cap of $21.48 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 0.72 and a beta of 1.08. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $189.78. The stock has a fifty day moving average price of $143.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. As a group, research analysts anticipate that Pioneer Natural Resources will post 8.28 EPS for the current year.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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.

Further Reading: Bear Market

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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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