Commonwealth Bank of Australia boosted its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 690 shares of the oil and gas development company’s stock after buying an additional 67 shares during the quarter. Commonwealth Bank of Australia’s holdings in Pioneer Natural Resources were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PXD. Prospera Financial Services Inc boosted its stake in shares of Pioneer Natural Resources by 0.4% during 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 purchasing an additional 7 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Pioneer Natural Resources by 0.4% during 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 purchasing an additional 10 shares during the period. Level Four Advisory Services LLC boosted its stake in shares of Pioneer Natural Resources by 0.5% during 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 purchasing an additional 13 shares during the period. Atlantic Trust LLC boosted its stake in shares of Pioneer Natural Resources by 1.0% during 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 purchasing an additional 20 shares during the period. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 3.4% during 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 purchasing an additional 26 shares during the period. 91.57% of the stock is owned by institutional investors.

Pioneer Natural Resources Company (NYSE PXD) opened at 137.09 on Wednesday. The company has a market capitalization of $23.32 billion, a P/E ratio of 138.34 and a beta of 0.94. The firm has a 50-day moving average of $133.40 and a 200-day moving average of $162.00. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) EPS. On average, analysts anticipate that Pioneer Natural Resources Company will post $1.12 earnings per share for the current year.

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

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PXD has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Credit Suisse Group reissued an “outperform” rating and set a $236.00 target price on shares of Pioneer Natural Resources in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Jefferies Group LLC set a $171.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, BMO Capital Markets lowered their target price on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $201.35.

In other Pioneer Natural Resources news, Director Andrew F. Cates bought 350 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the sale, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by company insiders.

Pioneer Natural Resources 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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