State Street Corp decreased its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,222,465 shares of the oil and gas development company’s stock after selling 37,758 shares during the quarter. State Street Corp owned 5.42% of Pioneer Natural Resources worth $1,471,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Prospera Financial Services Inc boosted its stake 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 valued at $293,000 after purchasing an additional 7 shares during the period. Level Four Advisory Services LLC boosted its stake 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 valued at $518,000 after purchasing an additional 13 shares during the period. Atlantic Trust LLC boosted its stake 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 valued at $364,000 after purchasing an additional 20 shares during the period. Cadence Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 0.5% in the second quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after purchasing an additional 30 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Pioneer Natural Resources by 2.6% in the second quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock valued at $250,000 after purchasing an additional 40 shares during the period. 91.57% of the stock is owned by institutional investors and hedge funds.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded down 0.46% during midday trading on Friday, hitting $150.47. 1,215,606 shares of the company’s stock traded hands. The company has a 50 day moving average of $137.49 and a 200 day moving average of $158.82. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83. The stock has a market cap of $25.59 billion, a P/E ratio of 151.84 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period last year, the company earned ($0.22) earnings per share. On average, equities analysts forecast that Pioneer Natural Resources Company will post $1.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is 8.16%.

Several research analysts have recently commented on PXD shares. Piper Jaffray Companies lowered their price objective on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Cowen and Company set a $210.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, June 17th. Imperial Capital initiated coverage on shares of Pioneer Natural Resources in a report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $201.84.

TRADEMARK VIOLATION NOTICE: This report was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.watchlistnews.com/state-street-corp-sells-37758-shares-of-pioneer-natural-resources-company-pxd/1615592.html.

In other news, Director Andrew F. Cates bought 350 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now directly 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 have bought 1,200 shares of company stock worth $161,102 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Pioneer Natural Resources 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)

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.