Great West Life Assurance Co. Can Has $18.75 Million Holdings in Pioneer Natural Resources (PXD)

Great West Life Assurance Co. Can lowered its stake in Pioneer Natural Resources (NYSE:PXD) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,554 shares of the oil and gas development company’s stock after selling 15,191 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.06% of Pioneer Natural Resources worth $18,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Pioneer Natural Resources by 27.9% in the 2nd quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock valued at $1,217,012,000 after acquiring an additional 1,401,626 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Pioneer Natural Resources by 9.1% in the 2nd quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock valued at $2,351,423,000 after acquiring an additional 1,032,381 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at about $83,764,000. Morgan Stanley raised its holdings in shares of Pioneer Natural Resources by 39.3% in the 2nd quarter. Morgan Stanley now owns 961,513 shares of the oil and gas development company’s stock valued at $181,958,000 after acquiring an additional 271,144 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Pioneer Natural Resources by 325.9% in the 3rd quarter. Janus Henderson Group PLC now owns 354,217 shares of the oil and gas development company’s stock valued at $61,701,000 after acquiring an additional 271,046 shares in the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.

Shares of NYSE PXD opened at $153.38 on Tuesday. The stock has a market cap of $25.19 billion, a P/E ratio of 71.01, a PEG ratio of 1.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.20. Pioneer Natural Resources has a 1-year low of $140.54 and a 1-year high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the company earned $0.48 EPS. Pioneer Natural Resources’s revenue for the quarter was up 112.2% compared to the same quarter last year. As a group, equities analysts expect that Pioneer Natural Resources will post 7.17 earnings per share for the current year.

Several analysts have weighed in on PXD shares. Morgan Stanley raised their price target on Pioneer Natural Resources from $236.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. KLR Group reaffirmed a “buy” rating and issued a $254.00 price target on shares of Pioneer Natural Resources in a report on Monday, August 20th. Citigroup lowered their price target on Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $194.00 price target on the stock in a report on Tuesday, October 16th. Finally, Barclays lowered their price target on Pioneer Natural Resources from $219.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Pioneer Natural Resources currently has an average rating of “Buy” and a consensus target price 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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