Pictet Asset Management Ltd. trimmed its holdings in Pioneer Natural Resources (NYSE:PXD) by 17.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,156 shares of the oil and gas development company’s stock after selling 17,400 shares during the period. Pictet Asset Management Ltd.’s holdings in Pioneer Natural Resources were worth $12,511,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PXD. Motco raised its holdings in shares of Pioneer Natural Resources by 2,542.9% in the 1st quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after purchasing an additional 178 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Pioneer Natural Resources by 224.6% in the 1st quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after purchasing an additional 137 shares during the period. Lindbrook Capital LLC purchased a new position in shares of Pioneer Natural Resources in the 4th quarter worth about $31,000. Executive Wealth Management LLC purchased a new position in shares of Pioneer Natural Resources in the 4th quarter worth about $38,000. Finally, Canton Hathaway LLC purchased a new position in shares of Pioneer Natural Resources in the 1st quarter worth about $38,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

PXD stock opened at $142.61 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 52-week low of $119.08 and a 52-week high of $197.42. The company has a market cap of $23.91 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 0.86 and a beta of 1.09.

Pioneer Natural Resources (NYSE:PXD) last posted 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 the consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $0.92 EPS. Pioneer Natural Resources’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts forecast that Pioneer Natural Resources will post 9.11 EPS for the current fiscal year.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 888 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Several equities research analysts recently commented on PXD shares. Barclays reiterated a “buy” rating and set a $217.00 target price on shares of Pioneer Natural Resources in a report on Wednesday, April 10th. SunTrust Banks set a $205.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, April 23rd. Imperial Capital dropped their target price on Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. S&P Equity Research reiterated an “overweight” rating and set a $205.00 target price (up from $185.00) on shares of Pioneer Natural Resources in a report on Wednesday, May 8th. Finally, Morgan Stanley raised their target price on Pioneer Natural Resources from $184.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $205.51.

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Pioneer Natural Resources 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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