Boston Partners Has $349.93 Million Position in Pioneer Natural Resources Company (PXD)

Boston Partners boosted its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 48.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,192,806 shares of the oil and gas development company’s stock after buying an additional 716,266 shares during the period. Boston Partners’ holdings in Pioneer Natural Resources were worth $349,928,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PXD. BlackRock Inc. boosted its position in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. FMR LLC boosted its position in Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after buying an additional 1,304,274 shares in the last quarter. Swedbank purchased a new position in Pioneer Natural Resources during the first quarter valued at $172,313,000. Clearbridge Investments LLC boosted its position in Pioneer Natural Resources by 68,788.6% in the first quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock valued at $166,779,000 after buying an additional 894,252 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Pioneer Natural Resources by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,827,949 shares of the oil and gas development company’s stock valued at $2,202,718,000 after buying an additional 390,587 shares in the last quarter. 92.62% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Company (PXD) opened at 135.26 on Friday. The company has a 50-day moving average price of $155.21 and a 200-day moving average price of $173.04. The firm has a market cap of $23.01 billion, a P/E ratio of 136.49 and a beta of 0.91. Pioneer Natural Resources Company has a 1-year low of $128.50 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned ($0.22) EPS. The firm’s revenue was up 107.4% compared to the same quarter last year. On average, equities research analysts forecast that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

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A number of research firms have commented on PXD. Barclays PLC reaffirmed a “buy” rating and set a $196.00 price objective (down from $204.00) on shares of Pioneer Natural Resources in a research report on Thursday, April 20th. Williams Capital set a $200.00 price objective on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $246.00 price objective (up from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. Credit Suisse Group reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. Finally, BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $211.90.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the transaction, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is owned by company insiders.

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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