US Bancorp DE raised its position in Pioneer Natural Resources (NYSE:PXD) by 3.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 93,253 shares of the oil and gas development company’s stock after purchasing an additional 3,535 shares during the quarter. US Bancorp DE’s holdings in Pioneer Natural Resources were worth $14,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PXD. Motco raised its stake in shares of Pioneer Natural Resources by 2,542.9% in the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after acquiring an additional 178 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Pioneer Natural Resources by 224.6% in the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Lindbrook Capital LLC bought a new position in shares of Pioneer Natural Resources in the fourth quarter worth about $31,000. Executive Wealth Management LLC bought a new position in shares of Pioneer Natural Resources in the fourth quarter worth about $38,000. Finally, Canton Hathaway LLC bought a new position in shares of Pioneer Natural Resources in the first quarter worth about $38,000. 87.77% of the stock is owned by institutional investors.

A number of brokerages have weighed in on PXD. Morgan Stanley boosted their target price on shares of Pioneer Natural Resources from $184.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. S&P Equity Research reaffirmed an “overweight” rating and issued a $205.00 target price (up from $185.00) on shares of Pioneer Natural Resources in a research note on Wednesday, May 8th. Imperial Capital dropped their target price on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, TheStreet raised shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $205.68.

Shares of PXD traded up $1.42 on Friday, reaching $147.00. 1,390,442 shares of the company’s stock were exchanged, compared to its average volume of 1,989,264. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.89. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.96 and a beta of 1.02. Pioneer Natural Resources has a 12 month low of $119.08 and a 12 month high of $201.63.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. Pioneer Natural Resources’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, analysts expect that Pioneer Natural Resources will post 9.04 EPS for the current year.

In related news, CAO Margaret Montemayor sold 888 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

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About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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