New Mexico Educational Retirement Board cut its stake in Pioneer Natural Resources Company (NYSE:PXD) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 15,767 shares of the oil and gas development company’s stock after selling 1,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Pioneer Natural Resources were worth $2,572,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Prospera Financial Services Inc raised its stake 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 last quarter. Hodges Capital Management Inc. raised its stake 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 last quarter. Level Four Advisory Services LLC raised its stake 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 last quarter. Atlantic Trust LLC raised its stake 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 last quarter. Finally, Morgan Dempsey Capital Management LLC raised its stake 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 last quarter. Hedge funds and other institutional investors own 92.62% of the company’s stock.

Pioneer Natural Resources Company (PXD) opened at 137.55 on Thursday. The firm’s 50-day moving average is $155.77 and its 200-day moving average is $173.31. Pioneer Natural Resources Company has a 12 month low of $128.50 and a 12 month high of $199.83. The company has a market capitalization of $23.40 billion, a PE ratio of 138.80 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for 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 company’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.22) EPS. Equities analysts anticipate that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada set a $233.00 price target on shares of Pioneer Natural Resources and gave the stock 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 stock a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC set a $243.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, May 17th. Stifel Nicolaus set a $236.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $211.90.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is owned by corporate insiders.

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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