Arizona State Retirement System raised its stake in Pioneer Natural Resources Company (NYSE:PXD) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,175 shares of the oil and gas development company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Pioneer Natural Resources were worth $6,730,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PXD. CWM LLC boosted its stake 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 valued at $1,386,000 after buying an additional 432 shares during the period. Independence Advisors LLC acquired a new stake in Pioneer Natural Resources during the second quarter valued at $822,000. Capital Advisors Inc. OK acquired a new stake in Pioneer Natural Resources during the first quarter valued at $660,000. Murphy Capital Management Inc. boosted its stake in 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 valued at $18,364,000 after buying an additional 4,980 shares during the period. Finally, BlackRock Inc. boosted its stake in 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 valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. Institutional investors and hedge funds own 92.62% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE PXD) opened at 134.02 on Friday. The firm has a 50 day moving average price of $154.62 and a 200-day moving average price of $172.69. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 135.24 and a beta of 0.91. Pioneer Natural Resources Company has a 12-month low of $128.50 and a 12-month 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) earnings per share. On average, equities analysts expect that Pioneer Natural Resources Company will post $1.13 earnings per share for the current fiscal year.

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PXD has been the subject of several research analyst reports. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Wells Fargo & Company cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, BidaskClub lowered 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 assigned a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $211.90.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction on Monday, May 15th. The stock was 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 of the company’s stock, valued at $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.92% 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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