Ladenburg Thalmann Financial Services Inc. reduced its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,649 shares of the oil and gas development company’s stock after selling 2,205 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Pioneer Natural Resources were worth $1,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PXD. GWM Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth $100,000. Commonwealth Bank of Australia raised its stake in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the 2nd quarter worth $120,000. WFG Advisors LP raised its stake in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares during the last quarter. Finally, Sun Life Financial INC raised its stake in shares of Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after buying an additional 1,229 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

In other news, CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $154.47, for a total transaction of $308,940.00. Following the transaction, the executive vice president now directly owns 48,719 shares of the company’s stock, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. Insiders sold a total of 25,392 shares of company stock valued at $4,036,997 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

Pioneer Natural Resources (NYSE:PXD) opened at $155.83 on Monday. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The firm has a market cap of $26,516.81, a PE ratio of 108.97, a P/E/G ratio of 9.86 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. equities analysts expect that Pioneer Natural Resources will post 1.55 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Mizuho reaffirmed a “buy” rating and set a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Credit Suisse Group assumed coverage on Pioneer Natural Resources in a research note on Monday, December 11th. They set an “outperform” rating and a $192.00 price target for the company. BMO Capital Markets set a $200.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Williams Capital cut their price target on Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, October 18th. Finally, KeyCorp set a $180.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $192.20.

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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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