Cohen & Steers Inc. decreased its holdings in Pioneer Natural Resources (NYSE:PXD) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,279 shares of the oil and gas development company’s stock after selling 7,856 shares during the period. Cohen & Steers Inc. owned 0.06% of Pioneer Natural Resources worth $15,385,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources in the second quarter worth about $100,000. Commonwealth Bank of Australia boosted its stake in shares of Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the period. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources in the second quarter worth about $120,000. WFG Advisors LP boosted its stake in shares of Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares during the period. Finally, Sun Life Financial INC boosted its stake in shares of Pioneer Natural Resources by 7,229.4% in the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after acquiring an additional 1,229 shares during the period. 90.89% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on PXD shares. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Royal Bank Of Canada set a $201.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Sunday, October 15th. Piper Jaffray Companies dropped their price target on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. SunTrust Banks reissued a “buy” rating and set a $180.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Finally, Sanford C. Bernstein increased their price target on Pioneer Natural Resources from $173.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $194.20.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up $1.65 during midday trading on Friday, hitting $155.90. The stock had a trading volume of 1,136,653 shares, compared to its average volume of 1,181,394. 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 has a 12-month low of $125.46 and a 12-month high of $199.83. The stock has a market capitalization of $26,528.72, a P/E ratio of 109.02, a price-to-earnings-growth ratio of 9.96 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the 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 firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. research analysts expect that Pioneer Natural Resources will post 1.53 EPS for the current year.
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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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