Pioneer Natural Resources (NYSE:PXD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,227 shares of the oil and gas development company’s stock after selling 8,994 shares during the period. The Manufacturers Life Insurance Company owned 0.13% of Pioneer Natural Resources worth $33,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Motco increased its position in Pioneer Natural Resources by 2,542.9% during the 1st quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after buying an additional 178 shares during the period. Global Retirement Partners LLC increased its position in Pioneer Natural Resources by 224.6% during the 1st quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after buying an additional 137 shares during the period. Lindbrook Capital LLC bought a new position in Pioneer Natural Resources during the 4th quarter worth $31,000. Executive Wealth Management LLC bought a new position in Pioneer Natural Resources during the 4th quarter worth $38,000. Finally, Canton Hathaway LLC bought a new position in Pioneer Natural Resources during the 1st quarter worth $38,000. Institutional investors and hedge funds own 87.98% of the company’s stock.

In related news, CAO Margaret Montemayor sold 888 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $153.38, for a total value of $136,201.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

Several analysts have recently issued reports on the company. KeyCorp increased their target price on Pioneer Natural Resources from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. SunTrust Banks set a $205.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Goldman Sachs Group lowered Pioneer Natural Resources to a “buy” rating in a report on Friday, April 12th. ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Macquarie raised Pioneer Natural Resources from a “neutral” rating to an “outperform” rating and set a $168.32 target price on the stock in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources currently has an average rating of “Buy” and a consensus price target of $205.51.

NYSE:PXD traded down $2.96 during trading hours on Wednesday, hitting $143.17. The company’s stock had a trading volume of 567,971 shares, compared to its average volume of 1,911,990. The firm has a market capitalization of $24.46 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 0.87 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a twelve month low of $119.08 and a twelve month high of $195.00.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.22. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. Pioneer Natural Resources’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, analysts anticipate that Pioneer Natural Resources will post 9.12 EPS for the current fiscal year.

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About Pioneer Natural Resources

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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