SeaBridge Investment Advisors LLC decreased its position in shares of Pioneer Natural Resources (NYSE:PXD) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,338 shares of the oil and gas development company’s stock after selling 230 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Pioneer Natural Resources were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PXD. Ontario Teachers Pension Plan Board bought a new position in Pioneer Natural Resources in the first quarter valued at approximately $1,355,000. Hodges Capital Management Inc. bought a new position in Pioneer Natural Resources in the first quarter valued at approximately $206,000. Empire Life Investments Inc. boosted its stake in Pioneer Natural Resources by 11.5% in the first 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 acquiring an additional 10,722 shares during the last quarter. S&CO Inc. boosted its stake in Pioneer Natural Resources by 4.7% in the first quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock valued at $19,007,000 after acquiring an additional 5,580 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Pioneer Natural Resources by 80.5% in the first quarter. OppenheimerFunds Inc. now owns 100,815 shares of the oil and gas development company’s stock valued at $15,352,000 after acquiring an additional 44,956 shares during the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on PXD shares. Citigroup raised their price objective on shares of Walt Disney from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Goldman Sachs Group cut shares of Encana to a “buy” rating in a research note on Friday, April 12th. Barclays raised their price objective on shares of Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. TheStreet cut shares of TESSCO Technologies from a “b-” rating to a “c” rating in a research note on Tuesday, July 23rd. Finally, Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and an average price target of $199.06.

Shares of NYSE:PXD traded down $2.24 during midday trading on Monday, reaching $133.44. 37,657 shares of the company were exchanged, compared to its average volume of 1,201,088. Pioneer Natural Resources has a fifty-two week low of $119.08 and a fifty-two week high of $193.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. The stock’s fifty day moving average price is $145.28. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 0.75 and a beta of 1.09.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. Pioneer Natural Resources’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. As a group, 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 the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Pioneer Natural Resources Profile

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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