Public Employees Retirement Association of Colorado lessened its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,619 shares of the oil and gas development company’s stock after selling 1,198 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Pioneer Natural Resources were worth $4,665,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GWM Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia boosted its position 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 valued at $108,000 after acquiring 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 valued at about $120,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Pioneer Natural Resources during the 1st quarter valued at about $172,000. Finally, WFG Advisors LP boosted its position 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 valued at $176,000 after acquiring an additional 102 shares during the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on PXD. Williams Capital set a $184.00 price target on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company cut shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Cowen and Company set a $210.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $268.00 target price on shares of Pioneer Natural Resources in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $193.62.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-sells-1198-shares-of-pioneer-natural-resources-company-pxd/1682946.html.

Pioneer Natural Resources Company (NYSE PXD) opened at $150.29 on Monday. The stock has a market capitalization of $25,574.14, a PE ratio of 105.10, a price-to-earnings-growth ratio of 11.73 and a beta of 0.96. 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 released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. Pioneer Natural Resources’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. analysts expect that Pioneer Natural Resources Company will post 1.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 11.11%.

In other news, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders acquired 1,200 shares of company stock valued at $161,102 in the last quarter. 0.89% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related companies with Analyst Ratings Network's FREE daily email newsletter.