Pioneer Natural Resources Company (NYSE:PXD) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its stake in shares of Pioneer Natural Resources Company (NYSE:PXD) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,790 shares of the oil and gas development company’s stock after selling 123 shares during the period. CENTRAL TRUST Co’s holdings in Pioneer Natural Resources were worth $3,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of 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 during the last quarter. BlackRock Inc. increased its position in shares of 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 during the last quarter. FMR LLC increased its position in shares of 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 during the last quarter. Bank of New York Mellon Corp increased its position in shares of Pioneer Natural Resources by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Pioneer Natural Resources by 2.9% in the first quarter. American Century Companies Inc. now owns 2,120,341 shares of the oil and gas development company’s stock valued at $394,871,000 after buying an additional 60,603 shares during the last quarter. 92.62% of the stock is owned by hedge funds and other institutional investors.

Pioneer Natural Resources Company (NYSE:PXD) traded down 0.92% during trading on Friday, hitting $134.02. The company had a trading volume of 1,500,121 shares. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 135.24 and a beta of 0.91. The firm has a 50-day moving average of $155.21 and a 200 day moving average of $173.04. Pioneer Natural Resources Company has a 12-month low of $128.50 and a 12-month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm earned ($0.22) earnings per share. The firm’s quarterly 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 earnings per share for the current year.

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A number of research firms have recently commented on PXD. Credit Suisse Group reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Scotiabank reaffirmed a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, May 5th. KLR Group boosted their target price on Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. Finally, Cowen and Company set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $211.90.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of Pioneer Natural Resources 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 completion of the sale, 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 can be accessed through the SEC website. 0.92% of the stock is owned by 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.

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

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