Russell Investments Group Ltd. Boosts Position in Pioneer Natural Resources Company (PXD)

Russell Investments Group Ltd. raised its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 429,793 shares of the oil and gas development company’s stock after buying an additional 6,945 shares during the period. Russell Investments Group Ltd. owned approximately 0.25% of Pioneer Natural Resources worth $68,585,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Prospera Financial Services Inc increased its stake in 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 buying an additional 7 shares during the period. Hodges Capital Management Inc. increased its stake in Pioneer Natural Resources by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock valued at $467,000 after buying an additional 10 shares during the period. Level Four Advisory Services LLC increased its stake in 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 buying an additional 13 shares during the period. Atlantic Trust LLC increased its stake in 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 buying an additional 20 shares during the period. Finally, Morgan Dempsey Capital Management LLC increased its stake in Pioneer Natural Resources 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 valued at $147,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Shares of Pioneer Natural Resources Company (PXD) opened at 131.63 on Thursday. Pioneer Natural Resources Company has a 1-year low of $128.50 and a 1-year high of $199.83. The firm has a market capitalization of $22.39 billion, a PE ratio of 132.83 and a beta of 0.91. The firm’s 50 day moving average is $152.70 and its 200 day moving average is $171.58.

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, topping the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business earned ($0.22) earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources Company will post $1.15 EPS for the current fiscal year.

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Several research firms recently commented on PXD. Royal Bank Of Canada set a $233.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $210.71.

In related news, Director J Kenneth Thompson purchased 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $133.40 per share, with a total value of $100,050.00. Following the purchase, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the purchase, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,200 shares of company stock worth $161,102. 0.92% of the stock is owned by company insiders.

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.

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

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