Baupost Group LLC MA Acquires New Position in Pioneer Natural Resources Company (PXD)

Baupost Group LLC MA acquired a new stake in Pioneer Natural Resources Company (NYSE:PXD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,895 shares of the oil and gas development company’s stock, valued at approximately $4,263,000.

Several other institutional investors and hedge funds also recently modified their holdings of PXD. GWM Advisors LLC acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth $100,000. Commonwealth Bank of Australia grew its holdings in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the period. BDO Wealth Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the 2nd quarter worth $120,000. WFG Advisors LP grew its holdings in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares during the period. Finally, Sun Life Financial INC grew its holdings in shares of Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares during the period. 90.89% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on PXD. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Monday. Mizuho reiterated a “buy” rating and set a $196.00 price target on shares of Pioneer Natural Resources in a report on Friday, September 29th. Finally, Citigroup lowered their price target on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $194.20.

In other news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total value of $279,414.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,072 shares of company stock worth $3,644,749 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded down $0.81 on Tuesday, hitting $156.35. The stock had a trading volume of 1,523,800 shares, compared to its average volume of 1,851,770. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $26,743.18, a PE 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.

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

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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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