Pioneer Natural Resources Company (PXD) Stake Lowered by FDx Advisors Inc.

FDx Advisors Inc. lowered its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the oil and gas development company’s stock after selling 1,727 shares during the period. FDx Advisors Inc.’s holdings in Pioneer Natural Resources were worth $1,180,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Pioneer Natural Resources by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after purchasing an additional 295,861 shares during the period. Capital World Investors grew its position in shares of Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after purchasing an additional 2,500,000 shares during the period. Carmignac Gestion grew its position in shares of Pioneer Natural Resources by 10.7% in the second quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after purchasing an additional 292,612 shares during the period. American Century Companies Inc. grew its position in shares of Pioneer Natural Resources by 20.2% in the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock valued at $337,410,000 after purchasing an additional 384,485 shares during the period. Finally, Boston Partners grew its position in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after purchasing an additional 716,266 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $161.14, for a total value of $805,700.00. Following the completion of the sale, the chairman now directly owns 585,466 shares of the company’s stock, valued at $94,341,991.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,690 shares of company stock worth $2,647,483. Insiders own 0.89% of the company’s stock.

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PXD has been the subject of a number of recent analyst reports. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley lowered their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Wells Fargo & Company downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Mizuho reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $194.07.

Pioneer Natural Resources Company (NYSE:PXD) traded down $4.11 during trading hours on Wednesday, hitting $152.81. The company had a trading volume of 1,859,800 shares, compared to its average volume of 1,891,512. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. Pioneer Natural Resources Company has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The firm has a market capitalization of $26,702.34, a PE ratio of 109.73, a price-to-earnings-growth ratio of 10.97 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. equities research analysts expect that Pioneer Natural Resources Company will post 1.4 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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