Artemis Investment Management LLP increased its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,413 shares of the oil and gas development company’s stock after purchasing an additional 4,253 shares during the quarter. Artemis Investment Management LLP’s holdings in Pioneer Natural Resources were worth $9,652,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PXD. Capital World Investors increased its position in Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after purchasing an additional 2,500,000 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Pioneer Natural Resources by 706.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after acquiring an additional 1,757,576 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Pioneer Natural Resources by 68,788.6% during the 1st quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock worth $166,779,000 after acquiring an additional 894,252 shares during the last quarter. Boston Partners grew its holdings in Pioneer Natural Resources by 48.5% during the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after acquiring an additional 716,266 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Pioneer Natural Resources by 1,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after acquiring an additional 530,517 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

A number of research firms have weighed in on PXD. SunTrust Banks, Inc. reissued a “buy” rating and set a $180.00 target price on shares of Pioneer Natural Resources in a report on Friday. Mizuho reissued a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday. Sanford C. Bernstein boosted their target price on shares of Pioneer Natural Resources from $173.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Group LLC boosted their target price on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp set a $180.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $193.62.

Pioneer Natural Resources Company (NYSE PXD) traded down $3.68 on Friday, reaching $150.29. 2,121,046 shares of the company’s stock traded hands, compared to its average volume of 1,844,161. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.84. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 103.36, a P/E/G ratio of 11.79 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. analysts forecast that Pioneer Natural Resources Company will post 1.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is currently 11.11%.

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In related news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew F. Cates acquired 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,200 shares of company stock worth $161,102. 0.89% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

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