Oakbrook Investments LLC cut its stake in Pioneer Natural Resources (NYSE:PXD) by 31.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,775 shares of the oil and gas development company’s stock after selling 3,955 shares during the period. Oakbrook Investments LLC’s holdings in Pioneer Natural Resources were worth $1,350,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PXD. Dimensional Fund Advisors LP boosted its holdings in Pioneer Natural Resources by 24.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,119,088 shares of the oil and gas development company’s stock valued at $147,184,000 after purchasing an additional 217,216 shares during the period. Geode Capital Management LLC raised its stake in Pioneer Natural Resources by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,972,086 shares of the oil and gas development company’s stock valued at $258,857,000 after buying an additional 113,932 shares in the last quarter. MML Investors Services LLC raised its stake in Pioneer Natural Resources by 18.5% in the fourth quarter. MML Investors Services LLC now owns 4,096 shares of the oil and gas development company’s stock valued at $539,000 after buying an additional 639 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Pioneer Natural Resources in the fourth quarter valued at $546,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Pioneer Natural Resources in the fourth quarter valued at $594,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Shares of PXD traded down $0.23 during midday trading on Friday, reaching $135.68. 1,453,859 shares of the stock were exchanged, compared to its average volume of 1,278,745. The firm has a 50-day simple moving average of $145.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.89. Pioneer Natural Resources has a twelve month low of $119.08 and a twelve month high of $193.03. The stock has a market cap of $22.85 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Pioneer Natural Resources will post 8.43 earnings per share for the current year.

In other news, CAO Margaret Montemayor sold 888 shares of Pioneer Natural Resources stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by insiders.

A number of research firms have weighed in on PXD. Goldman Sachs Group cut Encana to a “buy” rating in a research note on Friday, April 12th. Barclays raised their price target on Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. TheStreet cut TESSCO Technologies from a “b-” rating to a “c” rating in a research note on Tuesday, July 23rd. S&P Equity Research restated an “overweight” rating and issued a $205.00 price target (up from $185.00) on shares of Pioneer Natural Resources in a research note on Wednesday, May 8th. Finally, ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $199.06.

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

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