Pioneer Natural Resources Company (PXD) Shares Bought by Texas Capital Bancshares Inc. TX

Texas Capital Bancshares Inc. TX raised its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 78.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,223 shares of the oil and gas development company’s stock after buying an additional 2,297 shares during the period. Pioneer Natural Resources makes up approximately 1.9% of Texas Capital Bancshares Inc. TX’s holdings, making the stock its 9th largest position. Texas Capital Bancshares Inc. TX’s holdings in Pioneer Natural Resources were worth $833,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PXD. Coconut Grove Bank boosted its stake in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares during the last quarter. Winch Advisory Services LLC purchased a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $112,000. Morgan Dempsey Capital Management LLC boosted its stake in shares of Pioneer Natural Resources 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, Financial Architects Inc purchased a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $154,000. Institutional investors own 92.62% of the company’s stock.

Shares of Pioneer Natural Resources Company (PXD) traded down 0.92% during mid-day trading on Friday, hitting $134.02. The stock had a trading volume of 1,500,121 shares. The stock has a 50 day moving average price of $155.21 and a 200 day moving average price of $173.04. Pioneer Natural Resources Company has a 52 week low of $128.50 and a 52 week high of $199.83. The firm has a market cap of $22.80 billion, a PE ratio of 135.24 and a beta of 0.91.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.22) EPS. Pioneer Natural Resources’s revenue was up 107.4% on a year-over-year basis. Equities research analysts expect that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

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Several brokerages recently commented on PXD. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday. Barclays PLC set a $136.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, August 4th. Finally, Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. Two investment 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. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $211.90.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the business’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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by insiders.

About Pioneer Natural Resources

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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