EULAV Asset Management Has $9.31 Million Stake in Pioneer Natural Resources Company (PXD)

EULAV Asset Management raised its stake in Pioneer Natural Resources Company (NYSE:PXD) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the oil and gas development company’s stock after buying an additional 1,000 shares during the period. EULAV Asset Management’s holdings in Pioneer Natural Resources Company were worth $9,311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aviva PLC increased its stake in shares of Pioneer Natural Resources Company by 8.8% in the fourth quarter. Aviva PLC now owns 149,697 shares of the oil and gas development company’s stock valued at $26,964,000 after buying an additional 12,135 shares during the last quarter. Elkfork Partners LLC purchased a new stake in shares of Pioneer Natural Resources Company during the fourth quarter valued at $741,000. Gabelli Funds LLC increased its stake in shares of Pioneer Natural Resources Company by 7.4% in the fourth quarter. Gabelli Funds LLC now owns 102,000 shares of the oil and gas development company’s stock valued at $18,367,000 after buying an additional 7,000 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Pioneer Natural Resources Company by 35.9% in the fourth quarter. Marshall Wace LLP now owns 64,594 shares of the oil and gas development company’s stock valued at $11,632,000 after buying an additional 17,067 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Pioneer Natural Resources Company during the fourth quarter valued at $504,000. 92.42% of the stock is currently owned by institutional investors.

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

Pioneer Natural Resources Company (NYSE PXD) traded down 2.625% on Tuesday, hitting $154.621. 769,956 shares of the stock were exchanged. The company’s market cap is $26.30 billion. The company’s 50 day moving average price is $168.83 and its 200-day moving average price is $180.76. Pioneer Natural Resources Company has a one year low of $146.08 and a one year high of $199.83.

Pioneer Natural Resources Company (NYSE:PXD) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. Pioneer Natural Resources Company had a positive return on equity of 1.08% and a negative net margin of 7.20%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted ($0.64) earnings per share. The company’s revenue for the quarter was up 114.3% compared to the same quarter last year. Equities research analysts predict that Pioneer Natural Resources Company will post $1.75 EPS for the current fiscal year.

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Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Pioneer Natural Resources Company from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $236.00 target price on shares of Pioneer Natural Resources Company in a report on Friday, June 2nd. BidaskClub cut shares of Pioneer Natural Resources Company from a “sell” rating to a “strong sell” rating in a research note on Saturday. Scotiabank reiterated a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources Company in a research note on Monday, May 15th. Finally, 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 note on Monday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $216.50.

In other Pioneer Natural Resources Company news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the transaction, the executive vice president now owns 45,110 shares in the company, valued at $7,839,666.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PXD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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