Pioneer Natural Resources Company (PXD) Stake Maintained by Private Bank & Trust Co.

Private Bank & Trust Co. maintained its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,409 shares of the oil and gas development company’s stock at the end of the second quarter. Private Bank & Trust Co.’s holdings in Pioneer Natural Resources were worth $225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PXD. Quadrature Capital Ltd increased its stake in shares of Pioneer Natural Resources by 663.5% in the fourth quarter. Quadrature Capital Ltd now owns 24,898 shares of the oil and gas development company’s stock valued at $4,484,000 after buying an additional 21,637 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Pioneer Natural Resources by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 409,994 shares of the oil and gas development company’s stock worth $73,828,000 after buying an additional 1,426 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in shares of Pioneer Natural Resources during the fourth quarter worth about $2,508,000. Kentucky Retirement Systems purchased a new position in Pioneer Natural Resources during the fourth quarter worth $2,218,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Pioneer Natural Resources during the fourth quarter worth $989,000. Institutional investors own 92.62% of the company’s stock.

Pioneer Natural Resources Company (NYSE:PXD) traded down 0.92% during mid-day trading on Friday, hitting $134.02. 1,500,121 shares of the company were exchanged. The stock’s 50 day moving average is $154.62 and its 200-day moving average is $172.69. Pioneer Natural Resources Company has a 12-month low of $128.50 and a 12-month high of $199.83. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 135.24 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm posted ($0.22) earnings per share. The company’s revenue for the quarter was up 107.4% compared to the same quarter last year. Equities research analysts predict that Pioneer Natural Resources Company will post $1.13 EPS for the current year.

Several equities analysts recently commented on PXD shares. Scotiabank set a $210.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. BMO Capital Markets set a $214.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday. Finally, Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $211.90.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.

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.