DnB Asset Management AS lessened its stake in Pioneer Natural Resources (NYSE:PXD) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 503,751 shares of the oil and gas development company’s stock after selling 23,100 shares during the quarter. Pioneer Natural Resources makes up approximately 1.0% of DnB Asset Management AS’s portfolio, making the stock its 23rd biggest holding. DnB Asset Management AS owned 0.30% of Pioneer Natural Resources worth $87,073,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. GWM Advisors LLC purchased a new position in Pioneer Natural Resources in the second quarter worth $100,000. Commonwealth Bank of Australia grew its position in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. WFG Advisors LP grew its position in Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Pioneer Natural Resources during the third quarter valued at about $176,000. Finally, Sun Life Financial INC boosted its position in Pioneer Natural Resources by 7,229.4% during the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after buying an additional 1,229 shares during the period. 90.77% of the stock is currently owned by institutional investors.
In related news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $157.57, for a total value of $512,102.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $161.14, for a total transaction of $805,700.00. Following the completion of the transaction, the chairman now directly owns 585,466 shares of the company’s stock, valued at approximately $94,341,991.24. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock worth $6,976,992 over the last 90 days. Insiders own 0.89% of the company’s stock.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. analysts predict that Pioneer Natural Resources will post 1.64 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $207.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, January 9th. ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $201.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $194.26.
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Pioneer Natural Resources Company 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.
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