Pioneer Natural Resources (NYSE:PXD) Shares Sold by MRA Advisory Group

MRA Advisory Group cut its stake in shares of Pioneer Natural Resources (NYSE:PXDFree Report) by 14.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,232 shares of the oil and gas development company’s stock after selling 210 shares during the period. MRA Advisory Group’s holdings in Pioneer Natural Resources were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BluePath Capital Management LLC purchased a new position in shares of Pioneer Natural Resources during the third quarter valued at $29,000. Carmel Capital Partners LLC purchased a new position in shares of Pioneer Natural Resources during the third quarter valued at $34,000. Ancora Advisors LLC grew its holdings in shares of 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 valued at $30,000 after buying an additional 65 shares in the last quarter. Solstein Capital LLC purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at $31,000. Finally, DecisionPoint Financial LLC purchased a new position in Pioneer Natural Resources in the second quarter valued at about $34,000. 82.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Maria S. Dreyfus sold 10,632 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $226.62, for a total transaction of $2,409,423.84. Following the completion of the transaction, the director now owns 4,066 shares in the company, valued at approximately $921,436.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PXD has been the topic of several research reports. BMO Capital Markets lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Stifel Nicolaus dropped their target price 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. Susquehanna lowered their price objective on Pioneer Natural Resources from $250.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Mizuho lowered their price objective on Pioneer Natural Resources from $301.00 to $264.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Finally, Argus lowered Pioneer Natural Resources from a “buy” rating to a “sell” rating in a report on Friday, November 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $254.19.

Read Our Latest Stock Analysis on PXD

Pioneer Natural Resources Stock Performance

Shares of PXD stock traded down $1.31 during mid-day trading on Monday, reaching $226.16. The stock had a trading volume of 677,480 shares, compared to its average volume of 2,052,663. The firm’s 50 day simple moving average is $226.29 and its 200 day simple moving average is $231.84. The company has a quick ratio of 0.70, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a one year low of $177.26 and a one year high of $257.76. The firm has a market cap of $52.77 billion, a PE ratio of 10.86 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last posted its earnings results on Thursday, November 2nd. The oil and gas development company reported $5.83 EPS for the quarter, topping the consensus estimate of $5.53 by $0.30. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.23 billion. Pioneer Natural Resources had a return on equity of 23.48% and a net margin of 26.52%. On average, analysts forecast that Pioneer Natural Resources will post 21.08 EPS for the current year.

About Pioneer Natural Resources

(Free Report)

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.

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

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