MHI Funds LLC purchased a new stake in Pioneer Natural Resources (NYSE:PXD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,616 shares of the oil and gas development company’s stock, valued at approximately $279,000.
Other large investors also recently made changes to their positions in the company. GWM Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the 2nd quarter worth approximately $100,000. WFG Advisors LP raised its stake in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter worth approximately $176,000. Sun Life Financial INC raised its stake in shares of Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after buying an additional 1,229 shares during the period. Finally, Shelton Capital Management acquired a new position in shares of Pioneer Natural Resources during the 2nd quarter worth approximately $205,000. 90.81% of the stock is owned by institutional investors.
Pioneer Natural Resources (NYSE PXD) traded down $0.29 during midday trading on Tuesday, reaching $186.01. The company had a trading volume of 1,553,146 shares, compared to its average volume of 1,694,200. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The firm has a market cap of $31,640.00, a P/E ratio of 254.81, a P/E/G ratio of 4.37 and a beta of 0.97.
PXD has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on Pioneer Natural Resources in a research note on Monday, December 11th. They set an “outperform” rating and a $192.00 target price for the company. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 target price for the company in a research note on Tuesday, December 26th. Morgan Stanley reduced their target price on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, Seaport Global Securities raised Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $196.81.
In other Pioneer Natural Resources news, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $158.37, for a total value of $408,911.34. Following the completion of the sale, the senior vice president now directly owns 12,861 shares in the company, valued at approximately $2,036,796.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $154.47, for a total value of $308,940.00. Following the completion of the sale, the executive vice president now owns 48,719 shares of the company’s stock, valued at $7,525,623.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,916 shares of company stock valued at $6,976,992. 0.89% of the stock is owned by corporate insiders.
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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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