UBS Oconnor LLC Buys Shares of 16,000 Pioneer Natural Resources Company (PXD)

UBS Oconnor LLC bought a new stake in shares of Pioneer Natural Resources Company (NYSE:PXD) during the first quarter, Holdings Channel reports. The institutional investor bought 16,000 shares of the oil and gas development company’s stock, valued at approximately $2,980,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC increased its position in Pioneer Natural Resources Company by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock valued at $1,386,000 after buying an additional 432 shares during the period. Capital Advisors Inc. OK bought a new position in shares of Pioneer Natural Resources Company during the first quarter worth approximately $660,000. Cullen Frost Bankers Inc. increased its position in shares of Pioneer Natural Resources Company by 0.5% in the first quarter. Cullen Frost Bankers Inc. now owns 67,386 shares of the oil and gas development company’s stock worth $12,549,000 after buying an additional 317 shares during the last quarter. Lucas Capital Management increased its position in shares of Pioneer Natural Resources Company by 43.1% in the first quarter. Lucas Capital Management now owns 6,640 shares of the oil and gas development company’s stock worth $1,237,000 after buying an additional 2,000 shares during the last quarter. Finally, Symphony Asset Management LLC increased its position in shares of Pioneer Natural Resources Company by 41.5% in the first quarter. Symphony Asset Management LLC now owns 6,354 shares of the oil and gas development company’s stock worth $1,183,000 after buying an additional 1,862 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE PXD) opened at 156.03 on Monday. The firm’s market capitalization is $26.54 billion. Pioneer Natural Resources Company has a one year low of $147.21 and a one year high of $199.83. The company has a 50-day moving average price of $165.54 and a 200 day moving average price of $179.06.

Pioneer Natural Resources Company (NYSE:PXD) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. Pioneer Natural Resources Company had a negative net margin of 7.20% and a positive return on equity of 1.08%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned ($0.64) EPS. Pioneer Natural Resources Company’s quarterly revenue was up 114.3% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources Company will post $1.58 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on PXD shares. Seaport Global Securities downgraded Pioneer Natural Resources Company from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $225.00 to $215.00 in a research report on Friday, March 31st. Mizuho upgraded Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 21st. Scotiabank reiterated a “buy” rating and set a $250.00 price objective on shares of Pioneer Natural Resources Company in a research report on Thursday, March 16th. BidaskClub downgraded Pioneer Natural Resources Company from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources Company in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. Pioneer Natural Resources Company presently has an average rating of “Buy” and a consensus price target of $214.75.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of Pioneer Natural Resources Company 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 owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by insiders.

About Pioneer Natural Resources Company

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 Company (NYSE:PXD)

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