Oakbrook Investments LLC Sells 11,000 Shares of Pioneer Natural Resources (NYSE:PXD)

Oakbrook Investments LLC trimmed its position in shares of Pioneer Natural Resources (NYSE:PXD) by 71.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,450 shares of the oil and gas development company’s stock after selling 11,000 shares during the quarter. Oakbrook Investments LLC’s holdings in Pioneer Natural Resources were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tarbox Family Office Inc. increased its stake in shares of Pioneer Natural Resources by 93.8% in the 4th quarter. Tarbox Family Office Inc. now owns 186 shares of the oil and gas development company’s stock worth $28,000 after purchasing an additional 90 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Pioneer Natural Resources by 166.7% in the 4th quarter. FinTrust Capital Advisors LLC now owns 192 shares of the oil and gas development company’s stock worth $29,000 after purchasing an additional 120 shares in the last quarter. Allred Capital Management LLC purchased a new stake in shares of Pioneer Natural Resources in the 4th quarter worth $37,000. Venturi Wealth Management LLC purchased a new stake in shares of Pioneer Natural Resources in the 3rd quarter worth $53,000. Finally, Parallel Advisors LLC increased its stake in shares of Pioneer Natural Resources by 32.3% in the 4th quarter. Parallel Advisors LLC now owns 422 shares of the oil and gas development company’s stock worth $64,000 after purchasing an additional 103 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:PXD traded down $1.59 during trading on Friday, reaching $138.45. The company’s stock had a trading volume of 34,558 shares, compared to its average volume of 1,546,949. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The firm’s 50 day simple moving average is $145.07 and its two-hundred day simple moving average is $134.14. The stock has a market capitalization of $23.20 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32.

PXD has been the subject of a number of analyst reports. ValuEngine upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $147.00 price target for the company. in a research note on Monday. Argus initiated coverage on Pioneer Natural Resources in a research note on Tuesday, January 28th. They issued a “buy” rating and a $165.00 price target for the company. Howard Weil assumed coverage on Pioneer Natural Resources in a research note on Wednesday, November 13th. They issued a “sector perform” rating for the company. Finally, Scotiabank assumed coverage on Pioneer Natural Resources in a research report on Tuesday, November 12th. They set a “sector perform” rating and a $154.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $177.67.

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $133.90, for a total value of $267,800.00. Also, CAO Margaret Montemayor sold 1,200 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $133.90, for a total transaction of $160,680.00. In the last three months, insiders sold 8,323 shares of company stock valued at $1,173,258. 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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