NGAM Advisors L.P. Boosts Position in Pioneer Natural Resources Company (NYSE:PXD)

NGAM Advisors L.P. increased its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,031 shares of the oil and gas development company’s stock after buying an additional 4,496 shares during the period. NGAM Advisors L.P.’s holdings in Pioneer Natural Resources were worth $4,633,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of PXD. Macquarie Group Ltd. increased its stake in Pioneer Natural Resources by 12.8% in the fourth quarter. Macquarie Group Ltd. now owns 78,068 shares of the oil and gas development company’s stock worth $14,057,000 after buying an additional 8,853 shares during the last quarter. Fulton Bank N.A. bought a new stake in Pioneer Natural Resources during the first quarter worth about $212,000. Raymond James Trust N.A. bought a new stake in Pioneer Natural Resources during the first quarter worth about $226,000. Gulf International Bank UK Ltd increased its stake in Pioneer Natural Resources by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 52,978 shares of the oil and gas development company’s stock worth $9,866,000 after buying an additional 625 shares during the last quarter. Finally, Augustine Asset Management Inc. increased its stake in Pioneer Natural Resources by 1.4% in the first quarter. Augustine Asset Management Inc. now owns 16,972 shares of the oil and gas development company’s stock worth $3,160,000 after buying an additional 227 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 129.64 on Tuesday. Pioneer Natural Resources Company has a 52 week low of $128.50 and a 52 week high of $199.83. The stock has a market capitalization of $22.05 billion, a PE ratio of 130.82 and a beta of 0.91. The stock’s 50 day moving average is $160.01 and its 200 day moving average is $175.21.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. Analysts anticipate that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on PXD shares. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Stifel Nicolaus reiterated a “buy” rating and set a $267.00 price target on shares of Pioneer Natural Resources in a research report on Wednesday, April 12th. Barclays PLC reiterated a “buy” rating and set a $196.00 price target (down from $204.00) on shares of Pioneer Natural Resources in a research report on Thursday, April 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $230.00 price target on shares of Pioneer Natural Resources in a research report on Tuesday, April 25th. Finally, Scotiabank reissued a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $214.19.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the transaction, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by corporate insiders.

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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