Country Trust Bank held its position in shares of Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,119 shares of the oil and gas development company’s stock at the end of the second quarter. Country Trust Bank’s holdings in Pioneer Natural Resources were worth $179,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coconut Grove Bank increased its position in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares during the last quarter. Winch Advisory Services LLC purchased a new position in shares of Pioneer Natural Resources during the first quarter valued at $112,000. Morgan Dempsey Capital Management LLC increased its position in shares of Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. Finally, Financial Architects Inc purchased a new position in shares of Pioneer Natural Resources during the first quarter valued at $154,000. 92.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Pioneer Natural Resources Company (NYSE PXD) opened at 163.27 on Wednesday. Pioneer Natural Resources Company has a 52-week low of $153.10 and a 52-week high of $199.83. The company’s 50-day moving average is $160.01 and its 200-day moving average is $175.21. The firm’s market cap is $27.77 billion.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a positive return on equity of 1.08% and a negative net margin of 7.20%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned ($0.22) EPS. The business’s quarterly revenue was up 107.4% on a year-over-year basis. Equities research analysts forecast that Pioneer Natural Resources Company will post $1.18 earnings per share for the current fiscal year.
WARNING: “Pioneer Natural Resources Company (NYSE:PXD) Position Maintained by Country Trust Bank” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://stocknewstimes.com/2017/08/02/pioneer-natural-resources-company-nysepxd-position-maintained-by-country-trust-bank.html.
Several research analysts recently weighed in on PXD shares. Jefferies Group LLC set a $243.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, May 17th. Scotiabank reissued a “buy” rating and issued a $245.00 target price on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $233.00 target price on shares of Pioneer Natural Resources in a research note on Friday, May 12th. Finally, Barclays PLC reissued a “buy” rating and issued a $196.00 target price (down previously from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $216.48.
In other news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by company insiders.
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.
Receive News & Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related companies with MarketBeat.com's FREE daily email newsletter.
