HITE Hedge Asset Management LLC Has $545,000 Stake in Pioneer Natural Resources (NYSE:PXD)

HITE Hedge Asset Management LLC lifted its stake in Pioneer Natural Resources (NYSE:PXD) by 101.4% in the 1st quarter, HoldingsChannel reports. The firm owned 3,579 shares of the oil and gas development company’s stock after acquiring an additional 1,802 shares during the period. HITE Hedge Asset Management LLC’s holdings in Pioneer Natural Resources were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of PXD. BlackRock Inc. lifted its holdings in shares of Pioneer Natural Resources by 0.7% in the 4th quarter. BlackRock Inc. now owns 11,006,161 shares of the oil and gas development company’s stock valued at $1,447,530,000 after acquiring an additional 79,316 shares during the last quarter. Baupost Group LLC MA lifted its stake in Pioneer Natural Resources by 12.5% in the fourth quarter. Baupost Group LLC MA now owns 4,500,000 shares of the oil and gas development company’s stock worth $591,840,000 after purchasing an additional 500,000 shares during the last quarter. Boston Partners lifted its stake in Pioneer Natural Resources by 28.8% in the first quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock worth $547,679,000 after purchasing an additional 804,760 shares during the last quarter. Northern Trust Corp lifted its stake in Pioneer Natural Resources by 0.8% in the first quarter. Northern Trust Corp now owns 2,064,867 shares of the oil and gas development company’s stock worth $314,438,000 after purchasing an additional 15,675 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Pioneer Natural Resources by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,972,086 shares of the oil and gas development company’s stock worth $258,857,000 after purchasing an additional 113,932 shares during the last quarter. Hedge funds and other institutional investors own 87.98% of the company’s stock.

Several analysts have issued reports on PXD shares. ValuEngine raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Imperial Capital set a $199.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, February 15th. Morgan Stanley raised their price objective on shares of Pioneer Natural Resources from $184.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Citigroup decreased their price objective on shares of Pioneer Natural Resources from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, February 19th. Finally, Mitsubishi UFJ Financial Group decreased their price objective on shares of Pioneer Natural Resources to $192.00 and set an “overweight” rating for the company in a research note on Friday, February 15th. One 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 issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $205.51.



Shares of NYSE:PXD traded down $3.34 during trading on Wednesday, reaching $142.79. 644,385 shares of the company were exchanged, compared to its average volume of 1,911,990. The firm has a market cap of $24.46 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 0.87 and a beta of 1.09. Pioneer Natural Resources has a 12-month low of $119.08 and a 12-month high of $195.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, topping the Zacks’ 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 net margin of 11.89% and a return on equity of 9.31%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Equities research analysts predict that Pioneer Natural Resources will post 9.12 EPS for the current fiscal year.

In other news, CAO Margaret Montemayor sold 888 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

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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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