Ameriprise Financial Inc. Has $46.19 Million Position in Pioneer Natural Resources Company (PXD)

Ameriprise Financial Inc. cut its position in shares of Pioneer Natural Resources Company (NYSE:PXD) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,859 shares of the oil and gas development company’s stock after selling 29,319 shares during the period. Ameriprise Financial Inc. owned 0.15% of Pioneer Natural Resources Company worth $46,190,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Pioneer Natural Resources Company by 6.4% in the fourth quarter. State Street Corp now owns 11,104,321 shares of the oil and gas development company’s stock worth $1,999,544,000 after buying an additional 664,476 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Pioneer Natural Resources Company by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 9,158,677 shares of the oil and gas development company’s stock valued at $1,700,759,000 after buying an additional 166,270 shares during the period. FMR LLC raised its position in shares of Pioneer Natural Resources Company by 7.9% in the fourth quarter. FMR LLC now owns 7,120,219 shares of the oil and gas development company’s stock valued at $1,282,138,000 after buying an additional 521,539 shares during the period. Bank of New York Mellon Corp raised its position in shares of Pioneer Natural Resources Company by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Pioneer Natural Resources Company by 2.9% in the first quarter. American Century Companies Inc. now owns 2,120,341 shares of the oil and gas development company’s stock valued at $394,871,000 after buying an additional 60,603 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

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

Pioneer Natural Resources Company (NYSE:PXD) traded up 0.49% during midday trading on Friday, reaching $158.79. 2,575,929 shares of the company were exchanged. The firm’s market capitalization is $27.01 billion. The company has a 50-day moving average of $169.23 and a 200 day moving average of $181.00. Pioneer Natural Resources Company has a 52 week low of $146.08 and a 52 week high of $199.83.

Pioneer Natural Resources Company (NYSE:PXD) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Pioneer Natural Resources Company had a positive return on equity of 1.08% and a negative net margin of 7.20%. The firm’s quarterly revenue was up 114.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.64) earnings per share. Equities analysts predict that Pioneer Natural Resources Company will post $1.77 earnings per share for the current year.

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Several equities research analysts recently commented on PXD shares. Scotiabank set a $245.00 price objective on shares of Pioneer Natural Resources Company and gave the company a “buy” rating in a research report on Monday, March 27th. Jefferies Group LLC set a $245.00 price objective on shares of Pioneer Natural Resources Company and gave the company a “buy” rating in a research report on Monday, March 20th. Mizuho raised shares of Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 21st. Royal Bank Of Canada reissued a “buy” rating and set a $230.00 price target on shares of Pioneer Natural Resources Company in a research report on Tuesday, April 25th. Finally, Barclays PLC restated a “buy” rating and set a $196.00 price objective (down from $204.00) on shares of Pioneer Natural Resources Company in a research note on Thursday, April 20th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $216.50.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of Pioneer Natural Resources Company stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the sale, the executive vice president now directly owns 45,110 shares in the company, valued at $7,839,666.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources Company

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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