Fuller & Thaler Asset Management Inc. Has $260,000 Stake in Pioneer Natural Resources (PXD)

Fuller & Thaler Asset Management Inc. increased its position in Pioneer Natural Resources (NYSE:PXD) by 112.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490 shares of the oil and gas development company’s stock after purchasing an additional 790 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Pioneer Natural Resources were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Blair William & Co. IL raised its holdings in shares of Pioneer Natural Resources by 14.4% during the third quarter. Blair William & Co. IL now owns 113,653 shares of the oil and gas development company’s stock worth $19,797,000 after purchasing an additional 14,322 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Pioneer Natural Resources by 4.0% in the third quarter. Baird Financial Group Inc. now owns 11,181 shares of the oil and gas development company’s stock worth $1,993,000 after buying an additional 428 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Pioneer Natural Resources by 59.0% in the third quarter. Brown Advisory Inc. now owns 3,774 shares of the oil and gas development company’s stock worth $657,000 after buying an additional 1,400 shares during the period. Putnam FL Investment Management Co. boosted its holdings in shares of Pioneer Natural Resources by 1.6% in the third quarter. Putnam FL Investment Management Co. now owns 54,204 shares of the oil and gas development company’s stock worth $9,442,000 after buying an additional 852 shares during the period. Finally, Northeast Investment Management boosted its holdings in shares of Pioneer Natural Resources by 2.8% in the third quarter. Northeast Investment Management now owns 55,290 shares of the oil and gas development company’s stock worth $9,631,000 after buying an additional 1,516 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.

Shares of PXD stock opened at $147.75 on Monday. Pioneer Natural Resources has a 12 month low of $140.54 and a 12 month high of $213.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.20. The company has a market cap of $25.19 billion, a price-to-earnings ratio of 68.40, a P/E/G ratio of 1.70 and a beta of 1.04.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.69 by $0.38. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 112.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Pioneer Natural Resources will post 7.17 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on PXD shares. Morgan Stanley reissued a “buy” rating and issued a $234.00 price target (down from $240.00) on shares of Pioneer Natural Resources in a research report on Friday, October 12th. Barclays began coverage on shares of Pioneer Natural Resources in a research report on Wednesday, August 29th. They set an “overweight” rating and a $225.00 price objective on the stock. Seaport Global Securities lowered shares of Pioneer Natural Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $230.00 to $210.00 in a research report on Wednesday, October 10th. Piper Jaffray Companies began coverage on shares of Pioneer Natural Resources in a research report on Friday, September 28th. They set an “overweight” rating on the stock. Finally, KLR Group reaffirmed a “buy” rating and set a $254.00 price objective on shares of Pioneer Natural Resources in a research report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $231.58.

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Pioneer Natural Resources Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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