American Assets Investment Management LLC Boosts Stake in Pioneer Natural Resources (PXD)

American Assets Investment Management LLC boosted its position in Pioneer Natural Resources (NYSE:PXD) by 7.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,220 shares of the oil and gas development company’s stock after buying an additional 1,540 shares during the period. American Assets Investment Management LLC’s holdings in Pioneer Natural Resources were worth $4,138,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PXD. Coconut Grove Bank boosted its position in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares during the period. Winch Advisory Services LLC bought a new position in shares of Pioneer Natural Resources during the first quarter valued at about $112,000. LBA Wealth Management LLC boosted its position in shares of Pioneer Natural Resources by 44.2% in the fourth quarter. LBA Wealth Management LLC now owns 750 shares of the oil and gas development company’s stock valued at $135,000 after buying an additional 230 shares during the period. Finally, Massey Quick & Co. LLC bought a new position in shares of Pioneer Natural Resources during the fourth quarter valued at about $143,000. 93.86% of the stock is owned by institutional investors.

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

Pioneer Natural Resources (NYSE:PXD) traded up 2.65% on Friday, reaching $177.33. The company had a trading volume of 962,895 shares. The stock’s market capitalization is $30.16 billion. Pioneer Natural Resources has a 52-week low of $146.08 and a 52-week high of $199.83. The stock has a 50 day moving average price of $177.82 and a 200 day moving average price of $182.41.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Pioneer Natural Resources had a negative net margin of 14.56% and a negative return on equity of 0.33%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned ($0.64) EPS. The business’s revenue was up 114.3% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $1.91 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/05/19/american-assets-investment-management-llc-boosts-stake-in-pioneer-natural-resources-pxd.html.

Several brokerages have recently issued reports on PXD. Scotiabank reissued a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a report on Monday. Jefferies Group LLC set a $243.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a report on Monday. KLR Group upped their price target on Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $233.00 price target on shares of Pioneer Natural Resources in a report on Friday, May 12th. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $213.38.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value 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 legal filing with the SEC, which is available through the SEC website. Also, VP Stephanie D. Stewart sold 900 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $191.00, for a total transaction of $171,900.00. Following the completion of the sale, the vice president now directly owns 11,206 shares of the company’s stock, valued at $2,140,346. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,107 shares of company stock valued at $2,021,611. Insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources

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.

5 Day Chart for NYSE:PXD

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply