Pointe Capital Management LLC decreased its position in Pioneer Natural Resources Company (NYSE:PXD) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,554 shares of the oil and gas development company’s stock after selling 547 shares during the period. Pointe Capital Management LLC’s holdings in Pioneer Natural Resources were worth $408,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PXD. Prospera Financial Services Inc increased its position in shares of 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 worth $293,000 after buying an additional 7 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of 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 worth $467,000 after buying an additional 10 shares in the last quarter. Level Four Advisory Services LLC increased its position in shares of 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 worth $518,000 after buying an additional 13 shares in the last quarter. Atlantic Trust LLC increased its position in shares of 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 worth $364,000 after buying an additional 20 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of 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 worth $147,000 after buying an additional 26 shares in the last quarter. 92.62% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Company (NYSE PXD) opened at 135.26 on Friday. The stock has a market capitalization of $23.01 billion, a PE ratio of 136.49 and a beta of 0.91. Pioneer Natural Resources Company has a 12-month low of $128.50 and a 12-month high of $199.83. The company’s 50-day moving average is $155.21 and its 200 day moving average is $173.04.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted ($0.22) EPS. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities research analysts expect that Pioneer Natural Resources Company will post $1.13 earnings per share for the current fiscal year.

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A number of equities research analysts have commented 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 cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $211.90.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction dated Monday, May 15th. The shares were 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 is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

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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