Reilly Financial Advisors LLC raised its holdings in Pioneer Natural Resources (NYSE:PXD) by 28.9% in the second quarter, Holdings Channel.com reports. The fund owned 54,657 shares of the oil and gas development company’s stock after buying an additional 12,265 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Pioneer Natural Resources were worth $8,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PXD. Ontario Teachers Pension Plan Board bought a new position in shares of Pioneer Natural Resources during the 1st quarter worth about $1,355,000. Hodges Capital Management Inc. bought a new stake in Pioneer Natural Resources during the 1st quarter valued at approximately $206,000. Empire Life Investments Inc. boosted its stake in Pioneer Natural Resources by 11.5% during the 1st quarter. Empire Life Investments Inc. now owns 104,251 shares of the oil and gas development company’s stock valued at $15,875,000 after purchasing an additional 10,722 shares during the period. S&CO Inc. boosted its stake in Pioneer Natural Resources by 4.7% during the 1st quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock valued at $19,007,000 after purchasing an additional 5,580 shares during the period. Finally, OppenheimerFunds Inc. boosted its stake in Pioneer Natural Resources by 80.5% during the 1st quarter. OppenheimerFunds Inc. now owns 100,815 shares of the oil and gas development company’s stock valued at $15,352,000 after purchasing an additional 44,956 shares during the period. 87.51% of the stock is owned by institutional investors.

Several analysts recently weighed in on the company. SunTrust Banks downgraded SUNDANCE ENERGY/S to a “hold” rating in a research note on Monday, July 8th. Macquarie reiterated an “underperform” rating on shares of Mandom in a research report on Monday, April 15th. Barclays raised their price objective on Worldpay from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Imperial Capital downgraded Denbury Resources from an “outperform” rating to an “in-line” rating in a research report on Wednesday, May 8th. Finally, Citigroup raised their target price on Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources presently has a consensus rating of “Buy” and an average target price of $199.06.

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

PXD stock traded down $2.50 during midday trading on Monday, reaching $133.18. 26,684 shares of the company’s stock traded hands, compared to its average volume of 1,201,088. The business has a 50-day moving average of $145.28. Pioneer Natural Resources has a 1-year low of $119.08 and a 1-year high of $193.03. The stock has a market cap of $22.85 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.75 and a beta of 1.09. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, beating 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 firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm posted $0.92 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Pioneer Natural Resources will post 8.43 earnings per share for the current fiscal year.

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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