Tower Bridge Advisors Has $1.01 Million Position in Pioneer Natural Resources Company (PXD)

Tower Bridge Advisors increased its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 91.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,825 shares of the oil and gas development company’s stock after purchasing an additional 3,255 shares during the quarter. Tower Bridge Advisors’ holdings in Pioneer Natural Resources were worth $1,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Prospera Financial Services Inc lifted its stake in shares of Pioneer Natural Resources by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock worth $293,000 after purchasing an additional 7 shares during the last quarter. Cadence Capital Management LLC lifted its stake in shares of Pioneer Natural Resources by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock worth $958,000 after purchasing an additional 30 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Pioneer Natural Resources by 2.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock worth $250,000 after purchasing an additional 40 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Pioneer Natural Resources by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock worth $1,277,000 after purchasing an additional 41 shares during the last quarter. Finally, Intrust Bank NA lifted its stake in shares of Pioneer Natural Resources by 2.6% during the 2nd quarter. Intrust Bank NA now owns 1,683 shares of the oil and gas development company’s stock worth $269,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) traded down $1.89 during midday trading on Monday, hitting $157.04. The stock had a trading volume of 349,334 shares, compared to its average volume of 1,950,000. The stock has a market capitalization of $26,710.00, a P/E ratio of 111.14, a PEG ratio of 11.11 and a beta of 0.96. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 23.1% compared to the same quarter last year. research analysts forecast that Pioneer Natural Resources Company will post 1.4 EPS for the current fiscal year.

In related news, Director J Kenneth Thompson acquired 750 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total value of $512,102.50. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

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PXD has been the subject of a number of research analyst reports. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Wednesday, October 11th. Jefferies Group LLC set a $171.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Barclays PLC increased their price target on Pioneer Natural Resources from $136.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Finally, Cowen and Company reiterated a “buy” rating and issued a $210.00 price target on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus 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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