Pioneer Natural Resources Company (PXD) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 3.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 204,084 shares of the oil and gas development company’s stock after selling 7,900 shares during the period. Teacher Retirement System of Texas owned approximately 0.12% of Pioneer Natural Resources Company worth $38,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Coconut Grove Bank raised its stake in Pioneer Natural Resources Company by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the period. Winch Advisory Services LLC bought a new stake in Pioneer Natural Resources Company during the first quarter worth about $112,000. Quadrant Capital Group LLC raised its stake in Pioneer Natural Resources Company by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 36 shares during the period. LBA Wealth Management LLC raised its stake in Pioneer Natural Resources Company by 44.2% in the fourth quarter. LBA Wealth Management LLC now owns 750 shares of the oil and gas development company’s stock worth $135,000 after buying an additional 230 shares during the period. Finally, Morgan Dempsey Capital Management LLC raised its stake in Pioneer Natural Resources Company by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after buying an additional 26 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

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

Pioneer Natural Resources Company (NYSE PXD) traded up 0.1457% on Wednesday, hitting $158.1101. The stock had a trading volume of 263,509 shares. The firm’s market cap is $26.89 billion. Pioneer Natural Resources Company has a one year low of $146.08 and a one year high of $199.83. The company’s 50-day moving average price is $168.41 and its 200 day moving average price is $180.54.

Pioneer Natural Resources Company (NYSE:PXD) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Pioneer Natural Resources Company had a negative net margin of 7.20% and a positive return on equity of 1.08%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned ($0.64) EPS. The firm’s revenue was up 114.3% on a year-over-year basis. Analysts expect that Pioneer Natural Resources Company will post $1.75 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on PXD shares. Seaport Global Securities lowered Pioneer Natural Resources Company from a “buy” rating to a “neutral” rating and dropped their price target for the company from $225.00 to $215.00 in a research report on Friday, March 31st. Mizuho upgraded Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 21st. Scotiabank restated a “buy” rating and issued a $250.00 price target on shares of Pioneer Natural Resources Company in a research report on Thursday, March 16th. BidaskClub lowered Pioneer Natural Resources Company from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources Company in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $216.50.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

About Pioneer Natural Resources Company

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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