Parsons Capital Management Inc. RI Takes Position in Pioneer Natural Resources Company (PXD)

Parsons Capital Management Inc. RI bought a new stake in Pioneer Natural Resources Company (NYSE:PXD) during the first quarter, Holdings Channel reports. The fund bought 1,175 shares of the oil and gas development company’s stock, valued at approximately $219,000.

Other institutional investors have also bought and sold shares of the company. Hodges Capital Management Inc. boosted its position in Pioneer Natural Resources Company by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock valued at $467,000 after buying an additional 10 shares during the last quarter. Level Four Advisory Services LLC boosted its position in Pioneer Natural Resources Company by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock valued at $518,000 after buying an additional 13 shares during the last quarter. Atlantic Trust LLC boosted its position in Pioneer Natural Resources Company by 1.0% in the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock valued at $364,000 after buying an additional 20 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its position in Pioneer Natural Resources Company by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. Finally, Capital One National Association boosted its position in Pioneer Natural Resources Company by 0.6% in the first quarter. Capital One National Association now owns 4,680 shares of the oil and gas development company’s stock valued at $872,000 after buying an additional 28 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. Pioneer Natural Resources Company has a 52 week low of $147.21 and a 52 week high of $199.83. The stock’s market capitalization is $26.54 billion. The firm’s 50-day moving average price is $165.54 and its 200 day moving average price is $179.06.

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

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Several equities analysts recently commented on the company. Royal Bank of Canada set a $233.00 target price on Pioneer Natural Resources Company and gave the stock a “buy” rating in a research report on Saturday, June 17th. Scotiabank set a $210.00 target price on Pioneer Natural Resources Company and gave the stock a “buy” rating in a research report on Saturday, July 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Pioneer Natural Resources Company in a research report on Friday. Jefferies Group LLC set a $243.00 target price on Pioneer Natural Resources Company and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Finally, Barclays PLC restated a “buy” rating and set a $196.00 target price (down from $204.00) on shares of Pioneer Natural Resources Company in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $214.75.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the transaction, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company 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 Company (NYSE:PXD)

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