Artisan Partners Limited Partnership Takes Position in Pioneer Natural Resources Company (PXD)

Artisan Partners Limited Partnership purchased a new position in shares of Pioneer Natural Resources Company (NYSE:PXD) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,124,223 shares of the oil and gas development company’s stock, valued at approximately $202,439,000. Artisan Partners Limited Partnership owned approximately 0.66% of Pioneer Natural Resources Company at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Pioneer Natural Resources Company by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 617 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 35 shares in the last quarter. Hudock Capital Group LLC boosted its stake in Pioneer Natural Resources Company by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 125 shares in the last quarter. Massey Quick & Co. LLC bought a new stake in Pioneer Natural Resources Company during the fourth quarter worth about $143,000. Mraz Amerine & Associates Inc. bought a new stake in Pioneer Natural Resources Company during the third quarter worth about $213,000. Finally, MSI Financial Services Inc boosted its stake in Pioneer Natural Resources Company by 0.4% in the third quarter. MSI Financial Services Inc now owns 1,173 shares of the oil and gas development company’s stock worth $218,000 after buying an additional 5 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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

Pioneer Natural Resources Company (NYSE:PXD) opened at 193.21 on Friday. The firm’s market capitalization is $32.85 billion. The company has a 50-day moving average price of $184.49 and a 200-day moving average price of $181.82. Pioneer Natural Resources Company has a one year low of $115.17 and a one year high of $199.83.

Pioneer Natural Resources Company (NYSE:PXD) last released its earnings results on Tuesday, February 7th. The oil and gas development company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.16. Pioneer Natural Resources Company had a negative return on equity of 0.33% and a negative net margin of 14.56%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Pioneer Natural Resources Company will post $1.75 EPS for the current year.

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A number of equities research analysts recently issued reports on the stock. TheStreet raised shares of Pioneer Natural Resources Company from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Williams Capital lowered Pioneer Natural Resources Company from a “buy” rating to a “hold” rating and decreased their price objective for the company from $226.00 to $206.00 in a report on Tuesday, January 24th. KLR Group restated a “buy” rating and issued a $273.00 price objective (up previously from $254.00) on shares of Pioneer Natural Resources Company in a report on Thursday, February 9th. Zacks Investment Research lowered Pioneer Natural Resources Company from a “buy” rating to a “hold” rating in a report on Thursday, January 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $245.00 price objective (up previously from $224.00) on shares of Pioneer Natural Resources Company in a report on Monday. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $199.26.

In other news, insider Scott D. Sheffield sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $197.33, for a total value of $591,990.00. Following the transaction, the insider now directly owns 608,291 shares in the company, valued at approximately $120,034,063.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott D. Sheffield sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $185.14, for a total value of $1,851,400.00. Following the completion of the transaction, the chief executive officer now owns 585,868 shares in the company, valued at $108,467,601.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,000 shares of company stock worth $2,998,630. Company insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources Company

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

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