Wealthfront Advisers LLC Has $572,000 Holdings in Pioneer Natural Resources (NYSE:PXD)

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Wealthfront Advisers LLC raised its stake in Pioneer Natural Resources (NYSE:PXD) by 54.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,756 shares of the oil and gas development company’s stock after buying an additional 1,324 shares during the period. Wealthfront Advisers LLC’s holdings in Pioneer Natural Resources were worth $572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PXD. Acorn Advisory Capital L.P. bought a new stake in shares of Pioneer Natural Resources during the 1st quarter valued at about $426,000. Lazard Asset Management LLC raised its stake in Pioneer Natural Resources by 14.1% during the 1st quarter. Lazard Asset Management LLC now owns 213,418 shares of the oil and gas development company’s stock worth $32,499,000 after buying an additional 26,314 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in Pioneer Natural Resources by 7.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 160,613 shares of the oil and gas development company’s stock worth $24,457,000 after buying an additional 10,518 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in Pioneer Natural Resources by 5.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 97,565 shares of the oil and gas development company’s stock worth $14,857,000 after buying an additional 5,257 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Pioneer Natural Resources by 7.6% during the 1st quarter. Neuberger Berman Group LLC now owns 1,943,992 shares of the oil and gas development company’s stock worth $296,031,000 after buying an additional 137,181 shares during the period. Hedge funds and other institutional investors own 87.98% of the company’s stock.

Shares of Pioneer Natural Resources stock opened at $141.58 on Friday. The company has a market capitalization of $23.85 billion, a PE ratio of 22.44, a P/E/G ratio of 0.85 and a beta of 1.09. Pioneer Natural Resources has a 52 week low of $119.08 and a 52 week high of $195.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.89.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.22. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. Pioneer Natural Resources’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, equities research analysts predict that Pioneer Natural Resources will post 9.39 earnings per share for the current fiscal year.

PXD has been the topic of a number of research reports. ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Morgan Stanley upped their price target on Pioneer Natural Resources from $184.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Citigroup dropped their price target on Pioneer Natural Resources from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Wells Fargo & Co upped their price target on Pioneer Natural Resources from $191.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Finally, Goldman Sachs Group downgraded Pioneer Natural Resources to a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $205.51.

In related news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.91% of the company’s stock.

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About Pioneer Natural Resources

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

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