Pioneer Natural Resources Company (PXD) Stake Lowered by Magnetar Financial LLC

Magnetar Financial LLC decreased its holdings in shares of Pioneer Natural Resources Company (NYSE:PXD) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,329 shares of the oil and gas development company’s stock after selling 33,076 shares during the quarter. Pioneer Natural Resources accounts for approximately 1.6% of Magnetar Financial LLC’s portfolio, making the stock its 19th largest position. Magnetar Financial LLC owned about 0.29% of Pioneer Natural Resources worth $71,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NGAM Advisors L.P. boosted its stake in Pioneer Natural Resources by 18.3% in the second quarter. NGAM Advisors L.P. now owns 29,031 shares of the oil and gas development company’s stock worth $4,633,000 after buying an additional 4,496 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Pioneer Natural Resources by 2.6% in the second quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock worth $250,000 after buying an additional 40 shares in the last quarter. IFP Advisors Inc boosted its stake in Pioneer Natural Resources by 10.3% in the second quarter. IFP Advisors Inc now owns 2,891 shares of the oil and gas development company’s stock worth $461,000 after buying an additional 271 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Pioneer Natural Resources by 2.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 209,398 shares of the oil and gas development company’s stock worth $33,416,000 after buying an additional 5,510 shares in the last quarter. Finally, Palisade Capital Management LLC NJ boosted its stake in Pioneer Natural Resources by 5.3% in the second quarter. Palisade Capital Management LLC NJ now owns 1,817 shares of the oil and gas development company’s stock worth $290,000 after buying an additional 92 shares in the last quarter. 90.89% of the stock is owned by institutional investors.

Shares of Pioneer Natural Resources Company (NYSE PXD) traded down $2.49 during trading on Wednesday, hitting $153.86. The company had a trading volume of 1,395,800 shares, compared to its average volume of 1,849,822. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. The company has a market capitalization of $26,605.35, a P/E ratio of 109.34, a PEG ratio of 9.99 and a beta of 0.97. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83.

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

Several brokerages have issued reports on PXD. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $214.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Mizuho reaffirmed a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Finally, Citigroup cut their target price on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research note 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 given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $194.20.

In related news, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $154.47, for a total value of $308,940.00. Following the transaction, the executive vice president now owns 48,719 shares of the company’s stock, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,072 shares of company stock valued at $3,644,749. 0.89% of the stock is owned by corporate insiders.

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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.

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

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