First National Bank of Hutchinson bought a new position in Pioneer Natural Resources Co. (NYSE:PXD) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 4,391 shares of the oil and gas development company’s stock, valued at approximately $657,000.

A number of other hedge funds have also bought and sold shares of PXD. Checchi Capital Advisers LLC increased its stake in Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock worth $155,000 after buying an additional 22 shares during the period. Private Bank & Trust Co. increased its stake in Pioneer Natural Resources by 2.1% in the second quarter. Private Bank & Trust Co. now owns 1,669 shares of the oil and gas development company’s stock worth $252,000 after buying an additional 34 shares during the period. Panagora Asset Management Inc. increased its stake in Pioneer Natural Resources by 0.4% in the first quarter. Panagora Asset Management Inc. now owns 8,815 shares of the oil and gas development company’s stock worth $1,241,000 after buying an additional 37 shares during the period. Park Avenue Institutional Advisers LLC increased its stake in Pioneer Natural Resources by 4.3% in the first quarter. Park Avenue Institutional Advisers LLC now owns 1,017 shares of the oil and gas development company’s stock worth $143,000 after buying an additional 42 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in Pioneer Natural Resources by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 14,494 shares of the oil and gas development company’s stock worth $2,192,000 after buying an additional 44 shares during the period. 93.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Pioneer Natural Resources Co. (NYSE:PXD) traded down 0.35% during midday trading on Monday, reaching $176.50. The company’s stock had a trading volume of 1,378,423 shares. The stock has a 50-day moving average of $177.27 and a 200 day moving average of $158.76. The company’s market cap is $29.94 billion. Pioneer Natural Resources Co. has a 12 month low of $103.50 and a 12 month high of $190.94.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.12. The company earned $786 million during the quarter, compared to the consensus estimate of $797.28 million. Pioneer Natural Resources had a negative return on equity of 1.79% and a negative net margin of 10.75%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, analysts predict that Pioneer Natural Resources Co. will post ($0.29) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. Pioneer Natural Resources’s payout ratio is currently -2.52%.

A number of analysts recently issued reports on the stock. Barclays PLC raised shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $152.00 to $175.00 in a research report on Tuesday, August 2nd. Credit Agricole SA began coverage on Pioneer Natural Resources in a report on Wednesday, June 22nd. They issued a “buy” rating for the company. Canaccord Genuity upped their price target on Pioneer Natural Resources from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 16th. Capital One Financial Corp. upgraded Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 28th. Finally, Mitsubishi UFJ Financial Group began coverage on Pioneer Natural Resources in a report on Thursday, September 8th. They issued a “neutral” rating and a $200.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $178.03.

In other news, COO Timothy L. Dove sold 13,254 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $152.24, for a total transaction of $2,017,788.96. Following the completion of the sale, the chief operating officer now owns 271,993 shares in the company, valued at $41,408,214.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,000 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $183.24, for a total value of $183,240.00. Following the sale, the executive vice president now owns 21,994 shares of the company’s stock, valued at approximately $4,030,180.56. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Profile

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.

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