Today, Delta Lloyd NV Buys 2,225 Shares of Pioneer Natural Resources Co. (PXD)

Today, Delta Lloyd NV Buys 2,225 Shares of Pioneer Natural Resources Co. (PXD)

Delta Lloyd NV raised its stake in Pioneer Natural Resources Co. (NYSE:PXD) by 22.9% during the third quarter, Holdings Channel reports. The firm owned 11,939 shares of the oil and gas development company’s stock after buying an additional 2,225 shares during the period. Delta Lloyd NV’s holdings in Pioneer Natural Resources were worth $2,216,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC raised its stake in Pioneer Natural Resources by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 14,494 shares of the oil and gas development company’s stock valued at $2,192,000 after buying an additional 44 shares during the last quarter. Community Trust & Investment Co. purchased a new stake in Pioneer Natural Resources during the second quarter valued at $3,293,000. Gulf International Bank UK Ltd raised its stake in Pioneer Natural Resources by 2.1% in the second quarter. Gulf International Bank UK Ltd now owns 49,353 shares of the oil and gas development company’s stock valued at $7,462,000 after buying an additional 1,000 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Pioneer Natural Resources by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 140,306 shares of the oil and gas development company’s stock valued at $21,216,000 after buying an additional 2,257 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Pioneer Natural Resources by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 42,337 shares of the oil and gas development company’s stock valued at $6,402,000 after buying an additional 2,585 shares during the last quarter. 94.89% of the stock is owned by institutional investors.

Pioneer Natural Resources Co. (NYSE:PXD) traded down 1.96% on Friday, hitting $181.87. 580,923 shares of the stock traded hands. The firm’s market capitalization is $30.87 billion. The stock has a 50 day moving average of $181.89 and a 200 day moving average of $170.64. Pioneer Natural Resources Co. has a 52 week low of $103.50 and a 52 week high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The business earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted ($0.01) earnings per share. The firm’s quarterly revenue was down 47.0% on a year-over-year basis. Equities research analysts anticipate that Pioneer Natural Resources Co. will post ($0.40) earnings per share for the current year.

Several analysts have recently weighed in on PXD shares. KeyCorp raised their price objective on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. Mizuho started coverage on shares of Pioneer Natural Resources in a research note on Wednesday, October 5th. They set a “neutral” rating and a $196.00 price target on the stock. Credit Suisse Group AG reissued an “outperform” rating and issued a $212.00 price target (up previously from $182.25) on shares of Pioneer Natural Resources in a report on Wednesday, August 24th. Wunderlich raised their price target on shares of Pioneer Natural Resources from $182.00 to $207.00 and gave the company a “buy” rating in a report on Monday, October 10th. Finally, KLR Group reissued a “buy” rating and issued a $238.00 price target (up previously from $218.00) on shares of Pioneer Natural Resources in a report on Sunday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $182.65.

In related news, COO Timothy L. Dove sold 57,363 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the transaction, the chief operating officer now directly owns 289,693 shares of the company’s stock, valued at $51,069,978.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank A. Risch sold 500 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $185.08, for a total transaction of $92,540.00. Following the transaction, the director now directly owns 11,156 shares in the company, valued at $2,064,752.48. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

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