TIAA CREF Investment Management LLC cut its stake in Pioneer Natural Resources Company (NYSE:PXD) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 846,773 shares of the oil and gas development company’s stock after selling 24,386 shares during the period. TIAA CREF Investment Management LLC owned about 0.50% of Pioneer Natural Resources Company worth $157,695,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Coconut Grove Bank boosted its stake in Pioneer Natural Resources Company by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Pioneer Natural Resources Company by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares in the last quarter. Winch Advisory Services LLC bought a new position in shares of Pioneer Natural Resources Company during the first quarter valued at $112,000. LBA Wealth Management LLC boosted its position in shares of Pioneer Natural Resources Company by 44.2% in the fourth quarter. LBA Wealth Management LLC now owns 750 shares of the oil and gas development company’s stock valued at $135,000 after buying an additional 230 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of Pioneer Natural Resources Company by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

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

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded up 0.49% during mid-day trading on Friday, reaching $158.79. The company’s stock had a trading volume of 2,575,929 shares. The company’s market capitalization is $27.01 billion. The firm’s 50 day moving average price is $169.23 and its 200-day moving average price is $181.00. Pioneer Natural Resources Company has a 1-year low of $146.08 and a 1-year high of $199.83.

Pioneer Natural Resources Company (NYSE:PXD) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. Pioneer Natural Resources Company had a negative net margin of 7.20% and a positive return on equity of 1.08%. Pioneer Natural Resources Company’s revenue for the quarter was up 114.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.64) EPS. On average, analysts predict that Pioneer Natural Resources Company will post $1.77 EPS for the current year.

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Several research analysts have recently weighed in on PXD shares. Scotiabank set a $245.00 target price on Pioneer Natural Resources Company and gave the stock a “buy” rating in a report on Monday, March 27th. Jefferies Group LLC set a $245.00 target price on Pioneer Natural Resources Company and gave the stock a “buy” rating in a report on Monday, March 20th. Mizuho upgraded Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a report on Tuesday, March 21st. Royal Bank Of Canada restated a “buy” rating and set a $230.00 target price on shares of Pioneer Natural Resources Company in a report on Tuesday, April 25th. Finally, Barclays PLC restated a “buy” rating and set a $196.00 target price (down from $204.00) on shares of Pioneer Natural Resources Company in a report on Thursday, April 20th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $216.50.

In other Pioneer Natural Resources Company news, EVP Chris J. Cheatwood sold 5,749 shares of Pioneer Natural Resources Company stock in a transaction on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the transaction, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is owned by company insiders.

About Pioneer Natural Resources Company

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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