Cetera Advisors LLC lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 12.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,407 shares of the oil and gas development company’s stock after selling 191 shares during the quarter. Cetera Advisors LLC’s holdings in Pioneer Natural Resources were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PXD. Norges Bank bought a new position in Pioneer Natural Resources in the 4th quarter valued at $207,894,000. Boston Partners grew its stake in shares of Pioneer Natural Resources by 28.8% during the 1st quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock worth $547,679,000 after acquiring an additional 804,760 shares during the period. Baupost Group LLC MA grew its stake in shares of Pioneer Natural Resources by 12.5% during the 4th quarter. Baupost Group LLC MA now owns 4,500,000 shares of the oil and gas development company’s stock worth $591,840,000 after acquiring an additional 500,000 shares during the period. Deutsche Bank AG grew its stake in shares of Pioneer Natural Resources by 127.2% during the 4th quarter. Deutsche Bank AG now owns 812,422 shares of the oil and gas development company’s stock worth $106,841,000 after acquiring an additional 454,920 shares during the period. Finally, Abrams Bison Investments LLC bought a new position in shares of Pioneer Natural Resources during the 4th quarter worth $49,583,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.

In related news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction dated Friday, May 10th. The stock was 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 SEC, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Several research analysts have recently weighed in on the company. Barclays reiterated a “buy” rating and set a $217.00 price target on shares of Pioneer Natural Resources in a research note on Wednesday, April 10th. SunTrust Banks set a $205.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Imperial Capital cut their price target on 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. S&P Equity Research reiterated an “overweight” rating and set a $205.00 price target (up previously from $185.00) on shares of Pioneer Natural Resources in a research note on Wednesday, May 8th. Finally, Morgan Stanley increased their price target on Pioneer Natural Resources from $184.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average target price of $206.30.

Shares of PXD opened at $153.15 on Thursday. The stock has a market cap of $25.98 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.96 and a beta of 1.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. Pioneer Natural Resources has a 52-week low of $119.08 and a 52-week high of $201.63.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, research analysts expect that Pioneer Natural Resources will post 8.95 EPS for the current year.

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Pioneer Natural Resources Company Profile

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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