Parametric Portfolio Associates LLC Has $46.12 Million Position in Pioneer Natural Resources (NYSE:PXD)

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Parametric Portfolio Associates LLC reduced its stake in Pioneer Natural Resources (NYSE:PXD) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 366,714 shares of the oil and gas development company’s stock after selling 54,828 shares during the period. Parametric Portfolio Associates LLC’s holdings in Pioneer Natural Resources were worth $46,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PXD. MML Investors Services LLC boosted its position in shares of Pioneer Natural Resources by 27.7% in the second quarter. MML Investors Services LLC now owns 6,323 shares of the oil and gas development company’s stock valued at $973,000 after acquiring an additional 1,371 shares during the period. Hodges Capital Management Inc. boosted its position in shares of Pioneer Natural Resources by 44.4% in the second quarter. Hodges Capital Management Inc. now owns 1,950 shares of the oil and gas development company’s stock valued at $300,000 after acquiring an additional 600 shares during the period. FineMark National Bank & Trust boosted its position in shares of Pioneer Natural Resources by 18.8% in the second quarter. FineMark National Bank & Trust now owns 22,671 shares of the oil and gas development company’s stock valued at $3,488,000 after acquiring an additional 3,590 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Pioneer Natural Resources by 84.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 11,687 shares of the oil and gas development company’s stock valued at $1,470,000 after acquiring an additional 5,347 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Pioneer Natural Resources by 22.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,369 shares of the oil and gas development company’s stock valued at $4,365,000 after acquiring an additional 5,257 shares during the period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

In other news, EVP Chris J. Cheatwood sold 5,619 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $140.35, for a total value of $788,626.65. Following the completion of the transaction, the executive vice president now owns 39,027 shares of the company’s stock, valued at $5,477,439.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

PXD stock opened at $127.84 on Monday. The stock has a market capitalization of $21.56 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The firm has a 50-day moving average price of $130.36 and a 200-day moving average price of $135.41.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the company posted $2.07 EPS. As a group, equities analysts predict that Pioneer Natural Resources will post 8.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.44 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.38%. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 13.95%.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co boosted their target price on shares of Pioneer Natural Resources from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Raymond James reduced their target price on shares of Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 17th. SunTrust Banks cut their price objective on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. KeyCorp upped their price objective on shares of Pioneer Natural Resources from $168.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $190.00 price objective on shares of Pioneer Natural Resources in a research report on Sunday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $184.80.

About Pioneer Natural Resources

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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Want to see what other hedge funds are holding PXD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Natural Resources (NYSE:PXD).

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

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