Parkside Investments LLC Purchases Shares of 2,700 Pioneer Natural Resources Company (PXD)

Parkside Investments LLC purchased a new stake in Pioneer Natural Resources Company (NYSE:PXD) in the third quarter, according to its most recent filing with the SEC. The fund purchased 2,700 shares of the oil and gas development company’s stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors grew its stake in Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Pioneer Natural Resources by 706.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after buying an additional 1,757,576 shares during the last quarter. Boston Partners grew its stake in Pioneer Natural Resources by 48.5% during the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after buying an additional 716,266 shares during the last quarter. Janus Henderson Group PLC grew its stake in Pioneer Natural Resources by 1,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after buying an additional 530,517 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in Pioneer Natural Resources during the 3rd quarter worth $75,317,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

Pioneer Natural Resources Company (NYSE PXD) traded down $2.21 on Monday, hitting $158.93. The stock had a trading volume of 1,394,500 shares, compared to its average volume of 1,894,526. The company has a market cap of $26,710.00, a P/E ratio of 111.14, a PEG ratio of 11.11 and a beta of 0.96. Pioneer Natural Resources Company has a 52 week low of $125.46 and a 52 week high of $199.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. research analysts predict that Pioneer Natural Resources Company will post 1.4 EPS for the current year.

In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $157.57, for a total value of $512,102.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director J Kenneth Thompson acquired 750 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $133.40 per share, with a total value of $100,050.00. Following the transaction, the director now directly owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. 0.89% of the stock is owned by corporate insiders.

PXD has been the subject of a number of recent research reports. Citigroup Inc. lowered their price objective on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, Barclays PLC set a $136.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $194.07.

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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.

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

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