Los Angeles Capital Management & Equity Research Inc. trimmed its position in shares of Pioneer Natural Resources (NYSE:PXD) by 35.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,412 shares of the oil and gas development company’s stock after selling 44,808 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Pioneer Natural Resources were worth $12,550,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in PXD. Tokio Marine Asset Management Co. Ltd. increased its holdings in Pioneer Natural Resources by 5.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,807 shares of the oil and gas development company’s stock valued at $1,037,000 after acquiring an additional 381 shares during the last quarter. Brand Asset Management Group Inc. increased its holdings in Pioneer Natural Resources by 41.2% in the 1st quarter. Brand Asset Management Group Inc. now owns 497 shares of the oil and gas development company’s stock valued at $47,000 after acquiring an additional 145 shares during the last quarter. Creative Planning increased its holdings in shares of Pioneer Natural Resources by 0.8% in the 1st quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock worth $1,101,000 after buying an additional 59 shares during the last quarter. S&CO Inc. increased its holdings in shares of Pioneer Natural Resources by 4.7% in the 1st quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock worth $19,007,000 after buying an additional 5,580 shares during the last quarter. Finally, Cooper Haims Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the 1st quarter worth about $660,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
In other news, CAO Margaret Montemayor sold 888 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $153.38, for a total value of $136,201.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.
Shares of NYSE:PXD traded down $4.76 during trading hours on Wednesday, hitting $153.15. The company’s stock had a trading volume of 1,325,650 shares, compared to its average volume of 1,929,466. Pioneer Natural Resources has a 52 week low of $119.08 and a 52 week high of $201.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. The firm has a market cap of $25.98 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.96 and a beta of 1.02.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Pioneer Natural Resources will post 8.95 EPS for the current fiscal year.
PXD has been the topic of a number of research reports. Raymond James set a $250.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Morgan Stanley set a $185.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, January 29th. Mitsubishi UFJ Financial Group lifted their price target on shares of Pioneer Natural Resources to $227.00 and gave the stock an “overweight” rating in a research note on Monday, February 4th. Imperial Capital set a $198.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, February 8th. Finally, Credit Suisse Group dropped their price target on shares of Pioneer Natural Resources from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, February 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $206.30.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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