IFM Investors Pty Ltd Buys New Holdings in Pioneer Natural Resources (PXD)

IFM Investors Pty Ltd bought a new position in Pioneer Natural Resources (NYSE:PXD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,688 shares of the oil and gas development company’s stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PXD. Schwab Charles Investment Management Inc. increased its stake in Pioneer Natural Resources by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 540,072 shares of the oil and gas development company’s stock worth $86,185,000 after acquiring an additional 23,676 shares during the last quarter. Wedbush Securities Inc. increased its stake in Pioneer Natural Resources by 8.9% during the second quarter. Wedbush Securities Inc. now owns 2,323 shares of the oil and gas development company’s stock worth $371,000 after acquiring an additional 190 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Pioneer Natural Resources by 40.9% during the second quarter. State of Wisconsin Investment Board now owns 253,100 shares of the oil and gas development company’s stock worth $40,390,000 after acquiring an additional 73,500 shares during the last quarter. Legal & General Group Plc increased its stake in Pioneer Natural Resources by 0.6% during the second quarter. Legal & General Group Plc now owns 768,072 shares of the oil and gas development company’s stock worth $122,569,000 after acquiring an additional 4,298 shares during the last quarter. Finally, Comerica Bank increased its stake in Pioneer Natural Resources by 1.7% during the second quarter. Comerica Bank now owns 55,034 shares of the oil and gas development company’s stock worth $8,811,000 after acquiring an additional 914 shares during the last quarter. 90.90% of the stock is currently owned by institutional investors.

Pioneer Natural Resources (NYSE:PXD) traded down $1.93 on Thursday, hitting $157.06. The stock had a trading volume of 947,100 shares, compared to its average volume of 1,834,857. The company has a market capitalization of $26,720.00, a PE ratio of 111.18, a price-to-earnings-growth ratio of 10.16 and a beta of 0.97. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. 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 (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. Pioneer Natural Resources’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. sell-side analysts expect that Pioneer Natural Resources will post 1.53 EPS for the current year.

PXD has been the topic of several analyst reports. Zacks Investment Research raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Imperial Capital initiated coverage on Pioneer Natural Resources in a research note on Tuesday, August 22nd. They set an “outperform” rating and a $160.00 price objective on the stock. Jefferies Group set a $171.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Cowen reissued a “buy” rating and set a $210.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. Finally, Piper Jaffray Companies reduced their price objective on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $192.37.

In related news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total value of $279,414.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Insiders sold 23,392 shares of company stock valued at $3,721,297 in the last quarter. 0.89% of the stock is owned by company insiders.

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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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