Keybank National Association OH increased its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 25.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,036 shares of the oil and gas development company’s stock after buying an additional 20,887 shares during the period. Keybank National Association OH owned approximately 0.06% of Pioneer Natural Resources worth $16,442,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. BB&T Corp increased its stake in shares of Pioneer Natural Resources by 279.2% in the first quarter. BB&T Corp now owns 8,220 shares of the oil and gas development company’s stock valued at $1,530,000 after buying an additional 6,052 shares in the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC increased its stake in shares of Pioneer Natural Resources by 12.9% in the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 14,660 shares of the oil and gas development company’s stock valued at $2,730,000 after buying an additional 1,670 shares in the last quarter. Swedbank bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at about $172,313,000. Parsons Capital Management Inc. RI bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at about $219,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Pioneer Natural Resources by 9.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,132 shares of the oil and gas development company’s stock valued at $2,631,000 after buying an additional 1,230 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) opened at 127.96 on Wednesday. The firm has a 50-day moving average of $147.17 and a 200-day moving average of $169.06. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The company has a market cap of $21.77 billion, a PE ratio of 129.12 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm earned ($0.22) EPS. The business’s quarterly revenue was up 107.4% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources Company will post $1.10 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.13%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.

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Several analysts recently issued reports on the company. Jefferies Group LLC set a $243.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, May 17th. KLR Group increased their price target on Pioneer Natural Resources from $234.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources in a report on Monday, May 15th. Scotiabank reiterated a “buy” rating and issued a $245.00 price target on shares of Pioneer Natural Resources in a report on Monday, May 15th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $246.00 price target (up from $225.00) on shares of Pioneer Natural Resources in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $204.40.

In related news, Director Andrew F. Cates purchased 350 shares of Pioneer Natural Resources stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the purchase, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Kenneth Thompson purchased 750 shares of Pioneer Natural Resources stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the purchase, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,200 shares of company stock worth $161,102. Insiders own 0.89% of the company’s stock.

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

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