Pictet Asset Management Ltd. Sells 8,500 Shares of Pioneer Natural Resources (PXD)

Pictet Asset Management Ltd. lowered its position in Pioneer Natural Resources (NYSE:PXD) by 8.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,556 shares of the oil and gas development company’s stock after selling 8,500 shares during the quarter. Pictet Asset Management Ltd. owned 0.05% of Pioneer Natural Resources worth $15,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PXD. FMR LLC increased its stake in shares of Pioneer Natural Resources by 27.9% in the second quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock valued at $1,217,012,000 after buying an additional 1,401,626 shares during the period. BlackRock Inc. increased its stake in shares of Pioneer Natural Resources by 9.1% in the second quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock valued at $2,351,423,000 after buying an additional 1,032,381 shares during the period. PointState Capital LP acquired a new position in shares of Pioneer Natural Resources in the second quarter valued at approximately $83,764,000. Morgan Stanley increased its stake in shares of Pioneer Natural Resources by 39.3% in the second quarter. Morgan Stanley now owns 961,513 shares of the oil and gas development company’s stock valued at $181,958,000 after buying an additional 271,144 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Pioneer Natural Resources by 325.9% in the third quarter. Janus Henderson Group PLC now owns 354,217 shares of the oil and gas development company’s stock valued at $61,701,000 after buying an additional 271,046 shares during the period. 87.14% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Imperial Capital lowered their price objective on Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. Seaport Global Securities downgraded Pioneer Natural Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $230.00 to $210.00 in a research note on Wednesday, October 10th. Williams Capital reaffirmed a “hold” rating and issued a $226.00 price objective on shares of Pioneer Natural Resources in a research note on Wednesday, August 8th. Citigroup lowered their price objective on Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Finally, Oppenheimer assumed coverage on Pioneer Natural Resources in a research note on Wednesday, October 3rd. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $232.29.



NYSE:PXD opened at $145.68 on Thursday. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 67.44, a PEG ratio of 1.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.07. Pioneer Natural Resources has a fifty-two week low of $140.54 and a fifty-two week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.69 by $0.38. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The company’s quarterly revenue was up 112.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. On average, sell-side analysts expect that Pioneer Natural Resources will post 7.16 EPS for the current year.

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

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