The Boston Partners Acquires New Position in Pioneer Natural Resources (PXD)

The Boston Partners Acquires New Position in Pioneer Natural Resources (PXD)

A number of other institutional investors also recently bought and sold shares of PXD. Dana Investment Advisors Inc. boosted its position in Pioneer Natural Resources by 0.3% in the third quarter. Dana Investment Advisors Inc. now owns 7,875 shares of the oil and gas development company’s stock worth $1,462,000 after buying an additional 23 shares in the last quarter. Capital One National Association raised its stake in Pioneer Natural Resources by 0.6% in the first quarter. Capital One National Association now owns 4,680 shares of the oil and gas development company’s stock worth $872,000 after buying an additional 28 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in Pioneer Natural Resources by 1.0% in the first quarter. Wetherby Asset Management Inc. now owns 3,165 shares of the oil and gas development company’s stock worth $589,000 after buying an additional 32 shares during the last quarter. Cleararc Capital Inc. raised its stake in Pioneer Natural Resources by 0.8% in the fourth quarter. Cleararc Capital Inc. now owns 4,315 shares of the oil and gas development company’s stock worth $777,000 after buying an additional 35 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 36 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Boston Partners acquired a new position in Pioneer Natural Resources (NYSE:PXD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,476,540 shares of the oil and gas development company’s stock, valued at approximately $274,976,000. Boston Partners owned about 0.87% of Pioneer Natural Resources as of its most recent filing with the SEC.

Pioneer Natural Resources (PXD) opened at 164.88 on Monday. The firm has a 50-day moving average of $172.47 and a 200 day moving average of $182.09. The stock’s market capitalization is $28.05 billion. Pioneer Natural Resources has a 52 week low of $146.08 and a 52 week high of $199.83.

A number of research firms have recently issued reports on PXD. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $236.00 target price on shares of Pioneer Natural Resources in a report on Friday. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Wednesday, May 17th. Scotiabank reissued a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a report on Monday, May 15th. Royal Bank of Canada reissued a “buy” rating and issued a $233.00 price objective on shares of Pioneer Natural Resources in a report on Friday, May 12th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $246.00 price objective (up previously from $225.00) on shares of Pioneer Natural Resources in a report on Thursday, May 11th. Four analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $216.50. In other news, EVP Mark Stephen Berg sold 1,500 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the transaction, the executive vice president now owns 52,719 shares of the company’s stock, valued at approximately $10,239,084.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the transaction, the executive vice president now directly owns 45,110 shares in the company, valued at approximately $7,839,666.90. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company 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.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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