Pioneer Natural Resources Company (PXD) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in Pioneer Natural Resources Company (NYSE:PXD) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,815 shares of the oil and gas development company’s stock after selling 38,503 shares during the quarter. Franklin Resources Inc. owned 0.17% of Pioneer Natural Resources worth $46,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Bank of Australia lifted its holdings in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at about $120,000. Morgan Dempsey Capital Management LLC lifted its holdings in Pioneer Natural Resources by 3.4% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after acquiring an additional 26 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Pioneer Natural Resources in the 1st quarter valued at about $172,000. Finally, Grove Bank & Trust lifted its holdings in Pioneer Natural Resources by 112.3% in the 2nd quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock valued at $187,000 after acquiring an additional 620 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

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Several analysts have issued reports on PXD shares. BidaskClub downgraded Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Credit Suisse Group restated an “outperform” rating and set a $236.00 price objective on shares of Pioneer Natural Resources in a report on Friday, June 2nd. Zacks Investment Research downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Jefferies Group LLC set a $171.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets cut their price objective on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. Pioneer Natural Resources presently has a consensus rating of “Buy” and an average price target of $204.40.

Pioneer Natural Resources Company (NYSE:PXD) opened at 136.93 on Friday. The firm has a market cap of $23.29 billion, a P/E ratio of 138.17 and a beta of 0.94. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83. The company has a 50-day moving average price of $134.84 and a 200-day moving average price of $163.19.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned ($0.22) EPS. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources Company will post $1.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is presently 8.16%.

In other news, Director J Kenneth Thompson bought 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $133.40 per share, with a total value of $100,050.00. Following the transaction, the director now owns 10,865 shares in the company, valued at $1,449,391. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. In the last three months, insiders purchased 1,200 shares of company stock worth $161,102. 0.89% of the stock is owned by insiders.

Pioneer Natural Resources Profile

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

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