Hodges Capital Management Inc. reduced its position in Pioneer Natural Resources Company (NYSE:PXD) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,410 shares of the oil and gas development company’s stock after selling 100 shares during the period. Hodges Capital Management Inc.’s holdings in Pioneer Natural Resources were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PXD. CWM LLC raised its position in Pioneer Natural Resources by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock worth $1,386,000 after buying an additional 432 shares during the last quarter. Independence Advisors LLC bought a new position in shares of Pioneer Natural Resources during the second quarter worth $822,000. Capital Advisors Inc. OK bought a new position in shares of Pioneer Natural Resources during the first quarter worth $660,000. Murphy Capital Management Inc. raised its position in shares of Pioneer Natural Resources by 4.5% in the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after buying an additional 4,980 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 137.55 on Thursday. The stock has a 50 day moving average of $155.77 and a 200 day moving average of $173.31. The stock has a market cap of $23.40 billion, a P/E ratio of 138.80 and a beta of 0.91. Pioneer Natural Resources Company has a 52 week low of $128.50 and a 52 week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s revenue was up 107.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) EPS. On average, analysts expect that Pioneer Natural Resources Company will post $1.13 earnings per share for the current year.

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PXD has been the subject of a number of research reports. Barclays PLC restated a “buy” rating and set a $196.00 target price (down previously from $204.00) on shares of Pioneer Natural Resources in a research report on Thursday, April 20th. Williams Capital set a $200.00 target price on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Thursday, May 4th. Piper Jaffray Companies restated an “overweight” rating and set a $246.00 target price (up previously from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. Finally, BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $211.90.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the sale, the executive vice president now directly owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by insiders.

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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