GLG Partners LP lessened its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 38.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,875 shares of the oil and gas development company’s stock after selling 8,576 shares during the period. GLG Partners LP’s holdings in Pioneer Natural Resources were worth $2,214,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. raised its holdings in shares of Pioneer Natural Resources by 9.2% in the first quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock valued at $83,400,000 after buying an additional 37,839 shares during the last quarter. Nordea Investment Management AB lifted its position in Pioneer Natural Resources by 1.8% during the 1st quarter. Nordea Investment Management AB now owns 7,962 shares of the oil and gas development company’s stock worth $1,483,000 after buying an additional 144 shares in the last quarter. Private Advisor Group LLC lifted its position in Pioneer Natural Resources by 139.7% during the 1st quarter. Private Advisor Group LLC now owns 8,250 shares of the oil and gas development company’s stock worth $617,000 after buying an additional 4,808 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its position in Pioneer Natural Resources by 2.9% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 69,794 shares of the oil and gas development company’s stock worth $12,998,000 after buying an additional 1,972 shares in the last quarter. Finally, KBC Group NV grew its holdings in Pioneer Natural Resources by 43.6% during the 1st quarter. KBC Group NV now owns 166,738 shares of the oil and gas development company’s stock worth $31,052,000 after acquiring an additional 50,615 shares during the last quarter. Institutional investors own 91.57% of the company’s stock.

PXD has been the subject of several research reports. Mizuho restated a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday. Piper Jaffray Companies dropped their target price on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Cowen and Company reiterated a “buy” rating and set a $210.00 target price on shares of Pioneer Natural Resources in a research report on Sunday, September 17th. Jefferies Group LLC set a $171.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Imperial Capital assumed coverage on shares of Pioneer Natural Resources in a research note on Tuesday, August 22nd. They set an “outperform” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $201.35.

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

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded up 0.61% during midday trading on Tuesday, hitting $152.22. The company’s stock had a trading volume of 361,316 shares. Pioneer Natural Resources Company has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a 50-day moving average price of $135.29 and a 200 day moving average price of $159.40. The company has a market cap of $25.89 billion, a P/E ratio of 153.60 and a beta of 0.94.

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 the consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.22) earnings per share. On average, equities research analysts predict that Pioneer Natural Resources Company will post $1.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is currently 8.16%.

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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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