Augustine Asset Management Inc. reduced its position in shares of Pioneer Natural Resources Co. (NYSE:PXD) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 17,400 shares of the oil and gas development company’s stock after selling 70 shares during the period. Pioneer Natural Resources comprises approximately 2.4% of Augustine Asset Management Inc.’s portfolio, making the stock its 14th largest position. Augustine Asset Management Inc.’s holdings in Pioneer Natural Resources were worth $3,230,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Pioneer Natural Resources by 24.7% in the second quarter. FMR LLC now owns 5,712,022 shares of the oil and gas development company’s stock worth $863,716,000 after buying an additional 1,129,791 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in Pioneer Natural Resources during the second quarter worth approximately $162,153,000. Capital Research Global Investors raised its stake in Pioneer Natural Resources by 17.7% in the second quarter. Capital Research Global Investors now owns 5,202,000 shares of the oil and gas development company’s stock worth $786,594,000 after buying an additional 783,000 shares during the last quarter. Two Creeks Capital Management LP raised its stake in Pioneer Natural Resources by 202.1% in the second quarter. Two Creeks Capital Management LP now owns 1,087,314 shares of the oil and gas development company’s stock worth $164,413,000 after buying an additional 727,337 shares during the last quarter. Finally, Cohen & Steers Inc. bought a new stake in Pioneer Natural Resources during the second quarter worth approximately $8,597,000. 92.39% of the stock is owned by institutional investors and hedge funds.

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

Shares of Pioneer Natural Resources Co. (NYSE:PXD) traded up 10.00% during trading on Wednesday, reaching $191.04. The company’s stock had a trading volume of 6,490,317 shares. The stock’s market cap is $32.42 billion. The company has a 50 day moving average of $180.73 and a 200-day moving average of $171.03. Pioneer Natural Resources Co. has a 12-month low of $103.50 and a 12-month high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The business earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pioneer Natural Resources had a negative return on equity of 1.49% and a negative net margin of 30.45%. The business’s revenue was down 47.0% on a year-over-year basis. During the same period last year, the company earned ($0.01) EPS. Analysts forecast that Pioneer Natural Resources Co. will post ($0.40) EPS for the current year.

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Several brokerages have recently issued reports on PXD. Mitsubishi UFJ Financial Group began coverage on Pioneer Natural Resources in a research report on Thursday, September 8th. They set a “neutral” rating and a $200.00 target price for the company. Wunderlich raised their target price on Pioneer Natural Resources from $182.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, October 10th. KeyCorp raised their target price on Pioneer Natural Resources from $190.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Mizuho began coverage on Pioneer Natural Resources in a research report on Wednesday, October 5th. They set a “neutral” rating and a $196.00 target price for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $206.00 target price on shares of Pioneer Natural Resources in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $182.65.

In other news, Director Frank A. Risch sold 500 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $185.08, for a total value of $92,540.00. Following the completion of the transaction, the director now owns 11,156 shares of the company’s stock, valued at $2,064,752.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Timothy L. Dove sold 57,363 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total value of $10,112,523.27. Following the completion of the transaction, the chief operating officer now directly owns 289,693 shares of the company’s stock, valued at approximately $51,069,978.97. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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