PNC Financial Services Group Inc. grew its stake in Pioneer Natural Resources (NYSE:PXD – Free Report) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 141,258 shares of the oil and gas development company’s stock after buying an additional 3,433 shares during the quarter. PNC Financial Services Group Inc. owned 0.06% of Pioneer Natural Resources worth $32,426,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BluePath Capital Management LLC purchased a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at about $29,000. Ancora Advisors LLC lifted its stake in Pioneer Natural Resources by 77.4% during the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. DecisionPoint Financial LLC purchased a new stake in Pioneer Natural Resources during the second quarter worth approximately $34,000. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources during the third quarter worth approximately $34,000. Finally, VitalStone Financial LLC purchased a new stake in Pioneer Natural Resources during the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.72% of the company’s stock.
Pioneer Natural Resources Stock Performance
Pioneer Natural Resources stock opened at $231.58 on Friday. The firm has a market capitalization of $54.03 billion, a P/E ratio of 11.06 and a beta of 1.31. The stock has a fifty day moving average price of $226.24 and a 200 day moving average price of $232.29. Pioneer Natural Resources has a 52 week low of $177.26 and a 52 week high of $257.76. The company has a current ratio of 0.85, a quick ratio of 0.70 and a debt-to-equity ratio of 0.21.
Insider Activity at Pioneer Natural Resources
In related news, Director Maria S. Dreyfus sold 10,632 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $226.62, for a total value of $2,409,423.84. Following the completion of the transaction, the director now directly owns 4,066 shares in the company, valued at $921,436.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
Several research firms have commented on PXD. Argus lowered Pioneer Natural Resources from a “buy” rating to a “sell” rating in a research report on Friday, November 24th. StockNews.com began coverage on Pioneer Natural Resources in a research report on Saturday. They set a “hold” rating on the stock. Mizuho cut their price target on Pioneer Natural Resources from $301.00 to $264.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Stifel Nicolaus cut their price target on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd. Finally, Raymond James reissued a “market perform” rating on shares of Pioneer Natural Resources in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.19.
Check Out Our Latest Stock Report on Pioneer Natural Resources
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 in the Midland Basin in West Texas. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
Further Reading
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