Teacher Retirement System of Texas boosted its position in Pioneer Natural Resources Company (NYSE:PXD) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 204,127 shares of the oil and gas development company’s stock after buying an additional 43 shares during the period. Teacher Retirement System of Texas’ holdings in Pioneer Natural Resources were worth $32,575,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coconut Grove Bank increased its stake 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 period. Quadrant Capital Group LLC increased its stake 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 period. Winch Advisory Services LLC bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $112,000. Morgan Dempsey Capital Management LLC increased its stake 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 period. Finally, Financial Architects Inc bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $154,000. 92.62% of the stock is currently owned by institutional investors and hedge funds.
Pioneer Natural Resources Company (PXD) opened at 134.02 on Friday. The firm’s 50-day moving average price is $154.62 and its 200 day moving average price is $172.69. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 135.24 and a beta of 0.91. Pioneer Natural Resources Company has a one year low of $128.50 and a one year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion during 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 quarterly revenue was up 107.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.22) EPS. On average, equities research analysts expect that Pioneer Natural Resources Company will post $1.13 earnings per share for the current fiscal year.
Several brokerages have recently commented on PXD. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. Capital One Financial Corporation reissued an “overweight” rating on shares of Pioneer Natural Resources in a research note on Wednesday, August 2nd. BMO Capital Markets set a $214.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus set a $236.00 price objective on 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 Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company. 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 business’s stock in a transaction on Monday, May 15th. The shares were 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 in the company, valued at approximately $7,839,666.90. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.92% of the stock is currently owned by 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.
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