Bp Plc maintained its position in Pioneer Natural Resources Company (NYSE:PXD) during the second quarter, Holdings Channel reports. The firm owned 21,000 shares of the oil and gas development company’s stock at the end of the second quarter. Bp Plc’s holdings in Pioneer Natural Resources were worth $3,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Prospera Financial Services Inc raised its position 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 during the period. Hodges Capital Management Inc. raised its position 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 during the period. Level Four Advisory Services LLC raised its position 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 during the period. Atlantic Trust LLC raised its position 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 during the period. Finally, Morgan Dempsey Capital Management LLC raised its position 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 during the period. 92.62% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Company (NYSE PXD) opened at 137.55 on Thursday. The firm has a market cap of $23.40 billion, a PE 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. The stock has a 50 day moving average of $155.77 and a 200 day moving average of $173.31.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted ($0.22) EPS. The company’s revenue was up 107.4% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources Company will post $1.13 EPS for the current year.

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Several research firms have recently commented on PXD. Royal Bank Of Canada set a $233.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, May 17th. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $211.90.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $173.79, for a total transaction of $999,118.71. Following the transaction, the executive vice president now directly owns 45,110 shares in the company, valued at approximately $7,839,666.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.92% 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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