Reilly Financial Advisors LLC raised its position in Pioneer Natural Resources Company (NYSE:PXD) by 19,476.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 34,258 shares of the oil and gas development company’s stock after buying an additional 34,083 shares during the period. Reilly Financial Advisors LLC’s holdings in Pioneer Natural Resources were worth $5,467,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares during the last quarter. Boston Partners purchased a new stake in shares of Pioneer Natural Resources during the first quarter worth about $274,976,000. FMR LLC raised its position in Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock worth $1,568,894,000 after buying an additional 1,304,274 shares during the last quarter. Swedbank bought a new position in Pioneer Natural Resources during the first quarter worth $172,313,000. Finally, Clearbridge Investments LLC raised its position in Pioneer Natural Resources by 68,788.6% in the first quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock worth $166,779,000 after buying an additional 894,252 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.
Pioneer Natural Resources Company (NYSE PXD) traded up 0.65% during trading on Tuesday, reaching $133.70. The company’s stock had a trading volume of 1,770,898 shares. Pioneer Natural Resources Company has a one year low of $128.50 and a one year high of $199.83. The stock has a 50-day moving average of $153.34 and a 200 day moving average of $171.87. The firm has a market capitalization of $22.74 billion, a P/E ratio of 134.91 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.22) EPS. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.
Several brokerages have issued reports on PXD. Royal Bank Of Canada set a $233.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Citigroup Inc. cut their target price on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Group LLC set a $243.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. 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. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $210.71.
In other news, Director Andrew F. Cates bought 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J Kenneth Thompson purchased 750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $133.40 per share, with a total value of $100,050.00. Following the completion of the transaction, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders have acquired 1,200 shares of company stock valued at $161,102 in the last three months. Insiders own 0.92% of the company’s stock.
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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