American International Group Inc. lowered its position in Pioneer Natural Resources (NYSE:PXD) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,646 shares of the oil and gas development company’s stock after selling 502 shares during the period. American International Group Inc.’s holdings in Pioneer Natural Resources were worth $10,391,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Pioneer Natural Resources by 3.0% during the fourth quarter. Rhumbline Advisers now owns 281,439 shares of the oil and gas development company’s stock worth $42,601,000 after purchasing an additional 8,137 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Pioneer Natural Resources during the 4th quarter worth $112,786,000. Quest Capital Management Inc. ADV lifted its holdings in Pioneer Natural Resources by 3.5% during the 4th quarter. Quest Capital Management Inc. ADV now owns 2,482 shares of the oil and gas development company’s stock worth $376,000 after buying an additional 84 shares in the last quarter. Tower Bridge Advisors boosted its position in Pioneer Natural Resources by 3.8% in the 4th quarter. Tower Bridge Advisors now owns 44,354 shares of the oil and gas development company’s stock valued at $6,714,000 after buying an additional 1,608 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in Pioneer Natural Resources by 93.3% in the 4th quarter. Highland Capital Management LLC now owns 13,305 shares of the oil and gas development company’s stock valued at $2,014,000 after buying an additional 6,423 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.
Pioneer Natural Resources stock opened at $139.23 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $23.06 billion, a P/E ratio of 32.23, a PEG ratio of 0.88 and a beta of 1.32. The business has a 50-day moving average of $145.07 and a 200-day moving average of $134.14. Pioneer Natural Resources has a 1 year low of $114.79 and a 1 year high of $178.22.
A number of equities research analysts have recently weighed in on PXD shares. ValuEngine upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Wells Fargo & Co decreased their price target on Pioneer Natural Resources from $197.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Barclays lowered their price objective on Pioneer Natural Resources from $223.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Zacks Investment Research cut Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $147.00 price objective for the company. in a report on Monday, February 10th. Finally, Williams Capital restated a “buy” rating and set a $190.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $176.65.
In related news, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $133.90, for a total value of $267,800.00. Also, VP Christopher M. Paulsen sold 1,623 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $144.31, for a total value of $234,215.13. Following the sale, the vice president now directly owns 9,848 shares in the company, valued at approximately $1,421,164.88. The disclosure for this sale can be found here. Insiders sold a total of 8,323 shares of company stock worth $1,173,258 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.
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 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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