Mitchell Group Inc. decreased its stake in Pioneer Natural Resources Company (NYSE:PXD) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,550 shares of the oil and gas development company’s stock after selling 3,880 shares during the period. Pioneer Natural Resources accounts for approximately 3.3% of Mitchell Group Inc.’s holdings, making the stock its 18th largest position. Mitchell Group Inc. owned about 0.08% of Pioneer Natural Resources worth $20,993,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Prospera Financial Services Inc raised its stake in Pioneer Natural Resources by 0.4% in the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after buying an additional 7 shares in the last quarter. Hodges Capital Management Inc. raised its stake in Pioneer Natural Resources by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock valued at $467,000 after buying an additional 10 shares in the last quarter. Level Four Advisory Services LLC raised its stake in Pioneer Natural Resources by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock valued at $518,000 after buying an additional 13 shares in the last quarter. Atlantic Trust LLC raised its stake in Pioneer Natural Resources by 1.0% in the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock valued at $364,000 after buying an additional 20 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its stake in Pioneer Natural Resources 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. 91.59% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Company (PXD) traded up 0.76% during trading on Friday, reaching $130.64. The company’s stock had a trading volume of 1,204,633 shares. The company’s 50 day moving average price is $143.00 and its 200 day moving average price is $166.96. The company has a market cap of $22.22 billion, a P/E ratio of 131.83 and a beta of 0.95. Pioneer Natural Resources Company has a 52 week low of $127.44 and a 52 week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping 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 analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.22) EPS. The company’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities analysts anticipate that Pioneer Natural Resources Company will post $1.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.

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Several research firms have recently weighed in on PXD. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $204.40.

In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $133.40 per share, with a total value of $100,050.00. Following the transaction, the director now directly owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,200 shares of company stock worth $161,102 over the last three months. Insiders own 0.89% of the company’s stock.

Pioneer Natural Resources Company Profile

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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