245,495 Shares in Pioneer Natural Resources Company (PXD) Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP purchased a new stake in Pioneer Natural Resources Company (NYSE:PXD) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 245,495 shares of the oil and gas development company’s stock, valued at approximately $36,220,000. Westfield Capital Management Co. LP owned about 0.14% of Pioneer Natural Resources at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia lifted its holdings in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter valued at about $120,000. WFG Advisors LP lifted its holdings in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares during the last quarter. Finally, Sun Life Financial INC lifted its holdings in shares of Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after acquiring an additional 1,229 shares during the last quarter. 90.89% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on PXD. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, November 25th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, November 25th. Barclays increased their price target on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, SunTrust Banks reissued a “buy” rating and issued a $180.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $194.20.

In other news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total transaction of $279,414.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,490 shares of company stock worth $2,926,897. Corporate insiders own 0.89% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded up $1.12 during trading hours on Monday, hitting $157.16. 1,634,900 shares of the stock were exchanged, compared to its average volume of 1,853,184. The stock has a market capitalization of $26,743.18, a price-to-earnings ratio of 109.90, a PEG ratio of 10.04 and a beta of 0.97. Pioneer Natural Resources Company has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. sell-side analysts expect that Pioneer Natural Resources Company will post 1.53 EPS for the current fiscal year.

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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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