Northeast Investment Management Lowers Stake in Pioneer Natural Resources Company (PXD)

Northeast Investment Management lowered its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,487 shares of the oil and gas development company’s stock after selling 612 shares during the period. Northeast Investment Management’s holdings in Pioneer Natural Resources were worth $8,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GWM Advisors LLC bought a new stake in Pioneer Natural Resources during the 2nd quarter worth approximately $100,000. Commonwealth Bank of Australia grew its stake in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $120,000. WFG Advisors LP grew its stake in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares in the last quarter. Finally, Sun Life Financial INC grew its stake in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after buying an additional 1,229 shares in the last quarter. 90.89% of the stock is currently owned by institutional investors.

Shares of Pioneer Natural Resources Company (PXD) traded down $0.81 during trading on Tuesday, hitting $156.35. 1,523,800 shares of the stock were exchanged, compared to its average volume of 1,851,770. Pioneer Natural Resources Company has a 12 month low of $125.46 and a 12 month high of $199.83. The stock has a market cap of $26,743.18, a PE ratio of 109.90, a price-to-earnings-growth ratio of 10.04 and a beta of 0.97. 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 announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. analysts predict that Pioneer Natural Resources Company will post 1.53 earnings per share for the current year.

In other Pioneer Natural Resources news, Chairman Scott D. Sheffield sold 5,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total value of $805,700.00. Following the completion of the transaction, the chairman now directly owns 585,466 shares in the company, valued at approximately $94,341,991.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold a total of 23,072 shares of company stock valued at $3,644,749 over the last quarter. 0.89% of the stock is currently owned by company insiders.

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

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Pioneer Natural Resources 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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